USDJPY Daily Analysis – April 6, 2017

USDJPY is testing 110.11 support, a breakdown below this level will signal resumption of the downtrend from 115.50, then further decline to 108.00 area could be seen. Key resistance is at 112.19, only break above this level will indicate that the downtrend had completed at 110.11 already, then the target of the following rebound would be at 113.50 zone.

USDJPY chart