USDJPY Daily Analysis – May 3, 2018

USDJPY extended its upside movement from 104.63 to as high as 110.03. Further rise is still possible after a minor consolidation and next target would be at 111.00 area. Key support is at 108.95, only a breakdown below 108.95 support could signal completion of the uptrend.

USDJPY 4-hour chart