USD/JPY Technical Analysis: USD/JPY challenging 111.00 post-US GDP

• USD/JPY is keeping the range theme intact as the currency pair found resistance below the 111.39 resistance. 
• USD/JPY lost about 20 pips after the release of the Gross Domestic Product Annualized (GDP) for the second quarter which came in line with expectations at 4.1% while the Core Personal Consumption Expenditures for the second quarter came slightly below expectations at 2% versus 2.2% forecast.
• USD/JPY is currently consolidating last week's 250-pip drop last with no parties having a particular advantage inside the 110.60-111.60 range.

USD/JPY 15-minute chart 

Spot rate:                 110.95
Relative change:      -0.25%     
High:                        111.26
Low:                         110.89

Trend:                       Neutral

Resistance 1:  111.39 May 21 swing high
Resistance 2:  111.60-111.80 area, 23.6% and 38.2% Fibonacci retracement low/high July 11
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:    111.02-111.16 previous intraday swing lows
Support 2:    110.75-110.90, July 23 low and June 15 swing high
Support 3:    110.27 July 4 low