USDJPY Weekly Analysis – June 3, 2018

USDJPY is now in the downtrend from 111.39, the bounce from 108.11 is likely correction of the downtrend. Another fall could be expected after the correction and a breakdown below 108.11 support could take the price to 105.00 area. Resistance levels are at 110.00 and 111.39, only break above these levels could trigger another rise towards 115.50 resistance.

USDJPY daily chart