USD/JPY Technical Analysis: Bull flag consolidation can target 112.00 figure

• Buyers are keeping the main bull trend alive. 
• USD/JPY is consolidating in a bull flag pattern after the advance seen in the last days. A bull breakout above the pattern should target 112.15 swing high. 
• A sustained bear breakout below 110.75 would invalidate the bullish bias. 

USD/JPY 15-minute chart

Spot rate:                 111.14
Relative change:       0.06%     
High:                        111.37
Low:                         110.95

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:    112.15 August 1, swing high

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