USD/JPY Technical Analysis: Greenback bulls taking a breather after 80-pip run

• USD/JPY gained about 80 pips since Asia and found resistance at the 110.09 level, it is currently retracing its daily advance. 
• Support can be expected close to the 109.70 level as it is the 50% Fibonacci retracement of the last intraday upswing and a former congestion zone from last Thursday and Friday.

USD/JPY 15-minute chart

Spot rate:                 109.89
Relative change:      0.32%     
High:                        110.09
Low:                         109.30

Trend:                       Bullish            

Resistance 1:           110.00-110.21 area, figure, daily 200 SMA
Resistance 2:           110.79 May 22 low
Resistance 3:           111.41 May 21 high

Support 1                 109.70, 50% Fibonacci retracement of the last intraday upswing
Support 2:                109.37/47 last week’s demand level and daily 10 SMA
Support 3:                109.20, 50% Fibonacci retracement from May 29-June 6
Support 4:                108.76, daily 50 moving average