USD/JPY Technical Analysis: Greenback reaches 3-week’s high flirting with 111.00 level

• USD/JPY is trading near 3-week’s high as the pair is grinding higher for the fourth consecutive day.
• USD/JPY is currently testing 110.90 June 15 swing high.  
• A breakout above 110.90 can lead to a bull trend continuation to 111.39 May 21 swing high while a bear reversal can lead to a rotation to 110.40 supply/demand level.

USD/JPY 15-minute chart

Spot rate:                 110.89

Relative change:      0.36%      
High:                        110.96
Low:                         110.37

Trend:                       Bullish

Resistance 1:  110.90 June 15 swing high
Resistance 2:  111.39 May 21 swing high
Resistance 3:  112.05 February 2 low

Support 1: 110.62-75 supply level and June 21 high  
Support 2: 110.40 supply/demand level
Support 3: 110.21 June 22 high
Support 4: 109.90-110.00 area supply level and figure
Support 5: 109.55 June 19 low  
Support 6: 109.20 June 8 low