USDJPY Daily Analysis – April 27, 2018

USDJPY remains in the uptrend from 106.88, the fall from 109.47 is likely consolidation of the uptrend. Key support is at 108.54, as long as this level holds, the uptrend could be expected to continue and next target would be at 110.50 area. Only a breakdown below 108.54 support could signal completion of the uptrend.

USDJPY 4-hour chart