USDJPY Daily Analysis – June 30, 2017

USDJPY stays in an ascending price channel on its 4-hour chart, and remains in uptrend from 108.81. As long as the price is in the channel, the fall from 112.92 could be treated as consolidation of the uptrend and another rise towards 115.00 could be expected after the consolidation. On the downside, a clear break below the bottom support trend line of the channel will indicate that lengthier correction for the uptrend is underway, then the pair will find the next support level at around 110.95.

USDJPY 4-hour chart