USDJPY Daily Analysis – May 1, 2018

USDJPY’s upside movement from 104.63 extended to as high as 109.53. Further rise is still possible after a minor consolidation and next target would be at 110.50 area. Support levels are at 108.95 and 108.54, only break below these levels could signal completion of the uptrend.

USDJPY 4-hour chart