USDJPY Weekly Analysis – June 30, 2019

USDJPY’s downside movement from 112.40 extended to as low as 106.77. 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 105.50 area. Key resistance is at 108.80, only break above this level could signal completion of the downtrend.

USDJPY daily chart