USDJPY Weekly Analysis – June 23, 2019

USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 112.40. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 106.00 area. Key resistance is at 108.80, only break above this level could signal completion of the downtrend.

USDJPY daily chart