USD/JPY Technical Analysis: More decline below 113.55 resistance

• USD/JPY is in pullback mode while it is trading in a bull trend.
• The bears broke below the trendline (blue) and the 50-period simple moving average. USD/JPY is currently consolidating the recent decline below 113.55 (October 2 low) near the 100-period simple moving average. 
• Failure to break above 113.55 should lead to more decline in the short term. Targets to the downside can be located near 113.00 figure and 112.55 (September 27 low). A breakout above 113.55 would invalidate the bearish bias. 

USD/JPY 4-hour chart

Spot rate:                         113.20
Relative change:              0.22%     
High:                                113.28
Low:                                 112.92

Main trend:               Bullish
Short-term trend:      Bearish

Resistance 1:    113.55 October 2 low
Resistance 2:    114.00 figure
Resistance 3:    114.80 November 2017 high
Resistance 4:    115.50 March 10, 2017 high 

Support 1:    113.00 figure
Support 2:    112.55 September 27 low
Support 3:    112.00-112.17 zone, figure and August 1 swing high
Support 4:    111.84 August 29 swing high