USD/JPY Technical Analysis: Bulls brake above 111.00 level

• Support at 110.75 held and bulls lifted the market about 55 pips from there. Bulls objective is to target 111.45 and 111.54-111.64 area in the coming sessions. 
• Near-term supports are located near the 111.02-111.16 area, 110.90 and 110.75, July 23 low.
• USD/JPY is trading at its highest in the last three sessions after rebounding from the 200-daily simple moving average, suggesting a bullish bias.

USD/JPY 15-minute chart 

USD/JPY daily chart 

Spot rate:                 111.21
Relative change:      0.47%     
High:                        111.33
Low:                         110.58

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
Resistance 4:  112.19-112.40 area, July 11 high and intraday swing low 
Resistance 5:  112.64 July 12 high
Resistance 6:  113.18, 2018 high
Resistance 7:  113.26-113.38, 200-weekly simple moving average and January 8 high
Resistance 8:  114.45 October 27, 2017 high 

Support 1:    111.02-111.16 area, figure and current August 6 low
Support 2:    110.90 June 15 swing high
Support 3:    110.75, July 23 low
Support 4:    110.58 July 26 swing low
Support 5:    110.40 demand level
Support 6:    110.27 July 4 low