USDJPY Daily Analysis – June 29, 2017

USDJPY remains in uptrend from 108.81. Further rise could be expected in a couple of days and next target would be at 113.50 area. Near term support is at 111.80, only a breakdown below this level will indicate that lengthier consolidation for the uptrend is needed, then the following pullback could bring price back into 111.50 zone.

USDJPY 4-hour chart