USDJPY Weekly Analysis – May 20, 2018

USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.63. As long as the price is in the channel, the upside movement could be expected to continue and next target would be at 113.00 area. The key support is at 108.64, only a breakdown below this level could signal completion of the uptrend.

USDJPY daily chart