USD/JPY Technical Analysis: Bulls losing steam below 112.00 level

• The FOMC announced that it left the target interest rates unchanged in 1.75-2.00% range and USD/JPY fell to the 111.39 support from which it is now rebounding. 
• USD/JPY is trying to regain the ground lost on Wednesday as it trying to keep prices above the 200-period simple moving average (SMA). The 50 SMA crossed below the 100 SMA suggesting that the market is now losing some bullish momentum in the near-term.
• Failure to recapture 111.82-112.00 would be seen as a bearish sign. Supports lie at 111.39 and 111.02-111.16 area.

USD/JPY 15-minute chart

Spot rate:                 111.61
Relative change:      -0.22%     
High:                        112.17
Low:                         111.39

Trend:                       Bullish / Bearish reversal risk below 111.82-112.00 

Resistance 1:  111.64 supply/demand level
Resistance 2:  111.82-112.00 area, supply level and figure
Resistance 3:  112.19-112.40 area, July 11 high and intraday swing low 
Resistance 4:  112.64 July 12 high
Resistance 5:  113.18, 2018 high
Resistance 6:  113.26-113.38, 200-weekly simple moving average and January 8 high
Resistance 7:  114.45 October 27, 2017 high 

Support 1:    111.39 May 21 swing high
Support 2:    111.02-111.16 area previous intraday swing lows
Support 3:    110.90 June 15 swing high
Support 4:    110.75, July 23 low
Support 5:    110.58 July 26 low
Support 6:    110.27 July 4 low