USD/JPY Technical Analysis: Greenback stalling below 111.00 figure

• USD/JPY finds some resistance ahead of the 111.00 figure and is forming an intraday head-and-shoulder pattern which can be potentially bearish.
• A failure to break above 111.00 can lead to a rotation towards the 110.62-75 supply level and June 21 high.  

USD/JPY 15-minute chart  

Spot rate:                 110.73

Relative change:      0.04%      
High:                        111.08
Low:                         110.56

Trend:                        Neutral

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