USDJPY Daily Analysis – June 13, 2017

USDJPY remains in uptrend from 109.11, the pullback from 110.81 is likely correction of the uptrend. Another rise to test 110.81 resistance is possible after the correction, a break of this level could bring price to the next resistance level at 111.71. Support is at 109.11, only a breakdown below this level could trigger another fall towards 108.13 (Apr 17 low).

USDJPY 4-hour chart