USD/JPY Technical Analysis: USD/JPY retracing after hitting 111.45 target

• USD/JPY is having a pullback down in the bull trend as the market hit the 111.45 target level.
• USD/JPY is now re-integrating the bull channel, trading below the 50 and 100-period simple moving averages suggesting bearish pressure in the short-term. 
• Supports are seen near 111.00 and the 110.75 level. 

USD/JPY 15-minute chart

Spot rate:                 111.21
Relative change:      -0.07%     
High:                        111.50
Low:                         111.12

Main trend:         Bullish 

Resistance 1:    111.45 August 8 high
Resistance 2:    111.54-111.64 area, August 6, high and supply/demand level
Resistance 3:    111.82-112.00 area, supply level and figure

Support 1:    111.00 figure
Support 2:    110.75, July 23 low
Support 3:    110.58 July 26 swing low
Support 4:    110.40 supply/demand level
Support 5:    110.10 August 13 swing low
Support 6:    109.91-97 area, 200 and 100-day simple moving average
Support 7:    109.37 June 25 swing low
Support 8:    109.19 June 8 low