USDJPY Daily Analysis – June 18, 2018

USDJPY extended its upside movement from 108.11 to as high as 110.90. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 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