USD/JPY Technical Analysis: Bull flag breakout targets 112.00 figure

• USD/JPY buyers are pressing their bets in the direction of the main bull trend. 
• USD/JPY broke above the bull flag, the next target is 112.00-112.15 zone (figure and August 1, swing high). 
• A bear breakout below 111.00 would invalidate the bullish bias. 

USD/JPY 15-minute chart

Spot rate:                 111.48
Relative change:       0.26%     
High:                        111.58
Low:                         111.11

Main trend:         Bullish 

Resistance 1:    112.00-112.15 zone, figure and August 1, swing high
Resistance 2:    112.40 supply level
Resistance 3:    113.18, 2018 high

Support 1:    111.54-111.64 area, August 6, high and supply/demand level
Support 2:    111.45 August 8 high
Support 3:    111.00 figure
Support 4:    110.75, July 23 low