USD/JPY Technical Analysis: Head-and-Shoulder pattern can send USD/JPY down to 110.00 figure

• USD/JPY bull trend is on hold as the market created a head-and-shoulder pattern. 
• USD/JPY is breaking below the bull trendline while the RSI, MACD and Stochastics indicators are bearishly configured. Bulls will try to support the market at the 100-period simple moving average and the 111.00 figure but at this stage, the market seems to be set for a retest of the 110.75 (July 23 swing low) and possible 110.00 figure. 
• A bull breakout above 111.84 August 29 swing high would invalidate the bearish bias. 

USD/JPY 4-hour chart

Spot rate:                 111.03
Relative change:      -0.47%     
High:                        111.55
Low:                         110.99

Main trend:               Bullish 
Short-term trend:      Bearish

Resistance 1:    111.45 August 8 high
Resistance 2:    111.54 August 6, high 
Resistance 3:    111.84 August 29 swing high
Resistance 4:    112.00-112.15 zone, figure and August 1, swing high
Resistance 5:    112.40 supply level
Resistance 6:    113.18, 2018 high

Support 1:    111.00 figure
Support 2:    110.75, July 23 swing low
Support 3:    110.00 figure
Support 4:    109.37 June 25 low