USDJPY Daily Analysis – June 15, 2018

USDJPY failed to break below the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 108.11. Further rise is still possible and a break of 110.84 resistance could take the price to 111.50 area. Key support is now at 109.80, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart