USD/JPY Technical Analysis: USD/JPY bull trend is alive - bulls looking at the 111.00 figure

• USD/JPY main bull trend has been on hold since July 19. After finding support at the 100 and 200-day simple moving averages the bulls are now considering resuming the trend.
• USD/JPY broke above the bearish trendline from August 15 as well as 50, 100 and 200-period simple moving average suggesting a bullish bias. Key targets to the upside are 111.00 figure and 111.45  August 8 high. 
• A sustained breakout below 110.10 would invalidate the bullish bias. 

USD/JPY 15-minute chart

Spot rate:                 110.56
Relative change:      0.24%     
High:                        110.63
Low:                         110.02

Main trend:                       Bullish 

Resistance 1:    110.58 July 26 swing low
Resistance 2:    110.75, July 23 low
Resistance 3:    111.00 figure
Resistance 4:    111.45 August 8 high

Support 1:    110.40 supply/demand level
Support 2:    110.10 August 13 swing low
Support 3:    109.91-97 area, 200 and 100-day simple moving average
Support 4:    109.37 June 25 swing low
Support 5:    109.19 June 8 low