USDJPY Daily Analysis – April 2, 2018

USDJPY failed to break above 107.29 resistance and pulled back from 107.01. However, another rise to test 107.29 resistance is possible and a breakout of this level could take price to next resistance level at 107.90. Support is at 105.75, only a breakdown below this level could bring price back towards 104.63. Below this level would aim 102.00 area.

USDJPY 4-hour chart