USDJPY Weekly Analysis – June 17, 2018

USDJPY moved sideways in a trading range between 108.11 and 111.39. A breakout of 111.39 resistance would indicate that the upside movement from 104.63 has resumed, then further rise towards 113.00 area could be seen. Key support is at 108.11, below this level would confirm that the upside movement is complete, then the following downside movement could take the price back to test 104.63 support.

USDJPY daily chart