USDJPY Daily Analysis – June 6, 2018

USDJPY’s upside movement from 108.11 extended to as high as 110.00. Further rise is still possible after a minor consolidation and next target would be at 110.40 area. Support is at 109.37, only a breakdown below this level would indicate that the upside movement had completed at 110.00 already, then deeper decline towards 108.11 could be seen.

USDJPY 4-hour chart