USD/JPY Technical Analysis: USD/JPY bulls can reach 112.00 figure

• USD/JPY main bull trend is on hold since mid-July as the market is trading in a range. 
• The 50, 100 and 200-period simple moving averages are flat suggesting a lack of directional momentum.
• In the short-term bulls might try to trade back up to near 111.84 (August 29 swing high) near the top of the range. But until there is a clear bull breakout above 112.00-112.15 zone USD/JPY is destined to remain range bound. 

USD/JPY 4-hour chart

Spot rate:                 111.12
Relative change:      0.12%     
High:                        111.21
Low:                         110.85

Main trend:               Bullish 
Short-term trend:      Neutral

Resistance 1:    111.45 August 8 high
Resistance 2:    111.54 August 6, high 
Resistance 3:    111.84 August 29 swing high
Resistance 4:    112.00-112.15 zone, figure and August 1, swing high
Resistance 5:    112.40 supply level
Resistance 6:    113.18, 2018 high

Support 1:    111.00 figure
Support 2:    110.75, July 23 swing low
Support 3:    110.00 figure
Support 4:    109.37 June 25 low