USDJPY Daily Analysis – May 10, 2018

USDJPY is facing 110.03 resistance, a breakout of this level could signal resumption of the uptrend from 104.63, then next target would be at 111.50 area. Near term support is at the bottom of the price channel on the 4-hour chart and the key support is at 108.64, only a breakdown below this level could bring price back to 108.00 zone.

USDJPY 4-hour chart