USDJPY Weekly Analysis – May 13, 2018

USDJPY remains in the uptrend from 104.63. As long as the price is in the rising channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 112.00 area. Support levels are at 108.64 and 108.00, only break below these levels would indicate that the upside movement had completed at 110.03 already, then the following bearish move could take price back to 106.00 area.

USDJPY daily chart