USDJPY Daily Analysis – May 24, 2017

USDJPY broke above 111.73 resistance, indicating that the bearish movement from 114.36 had completed at 110.23 already. Further rise could be seen in a couple of days, and next target would be at around 113.50. Support levels are at 110.80 and 110.23, only break below these levels could take price back to the downtrend.

USDJPY chart