USDJPY Weekly Analysis – June 16, 2019

USDJPY remains in the downtrend from 112.40, the bounce from 107.81 could be treated as consolidation for the downtrend. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 107.00 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

USDJPY daily chart