USD/JPY first resistance at 113.20/25, but above here targets 113.50, perhaps as far as resistance at 113.75/80. If we continue higher look for 114.15/19 then a retest of strong resistance at 114.30/40. Try shorts with stops above 114.60. Just be aware that a break above 114.60 signals a breakout of the 3-week range for a buy signal and targets 114.85/89 then resistance at 115.05/10. We should struggle initially, but further gains eventually target short-term trend line 115.60/65.
Holding below 113.20 re-targets 112.80 then 118.60 before strong support at 112.41/36. If we continue lower look for the important 3-week lows at 112.14. A break below 112.05 is a sell signal.