USDJPY Daily Analysis – June 8, 2018

USDJPY is facing 109.37 support, a breakdown below this level would indicate that the upside movement from 108.11 had completed at 110.26 already, then further decline towards 108.11 support could be seen. On the upside, as long as 109.37 support holds, the fall from 110.26 could be treated as consolidation for the uptrend from 108.11 and next target would be at 111.00 area.

USDJPY 4-hour chart