USDJPY Daily Analysis – June 22, 2017

USDJPY remains in uptrend from 108.81, the pullback from 111.78 is likely consolidation of the uptrend. Key support is at 110.64, as long as this level holds, the uptrend could be expected continue and next target would be at 113.00. On the downside, a breakdown below 110.64 will indicate that the uptrend had completed at 111.78 already, then the pair will find next support at around 109.70.

USDJPY 4-hour chart