USD/JPY Technical Analysis: USD/JPY challenging 110.40 to the downside

• USD/JPY is finding some support at the 110.40 demand level after finding intraday resistance at the 110.62 supply level.  
• USD/JPY is trading in the lower part of the weekly range as the pair is struggling to find a direction.  
• USD/JPY is currently trapped in the 110.20-110.62 range.  

USD/JPY 15-minute chart

Spot rate:                 110.39

Relative change:        -0.23%      
High:                        110.80
Low:                         110.37

Trend:                       Neutral

Resistance 1:  110.62-75 supply level and June 21 high  
Resistance 2:  110.90 June 15 swing high
Resistance 3:  111.39 May 21 swing high
Resistance 4:  112.05 February 2 low

Support 1: 110.40 supply/demand level
Support 2: 110.21 June 22 high
Support 3: 109.90-110.00 area supply level and figure
Support 4: 109.55 June 19 low