USDJPY Daily Analysis – June 12, 2018

USDJPY broke above 110.26 resistance, suggesting that the upside movement from 108.11 has resumed. Further rise would likely be seen and next target would be at 111.00 area. Near term support is at the bullish trend line on the 4-hour chart and the key support is now at 109.19, only a breakdown below this level could bring the price back towards 108.00.

USDJPY 4-hour chart