USDJPY Daily Analysis – June 27, 2017

After consolidation, USDJPY broke above 111.78 resistance and continued its upward movement from 108.81. Further rise could be expected in a couple of days, and next target would be at 113.00 area. Near term support is now at 110.95, only a breakdown below this level could bring price back into 109.70 zone.

USDJPY 4-hour chart