USDJPY Daily Analysis – June 19, 2018

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 108.11. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 111.50 area. On the downside, a clear break below the channel support would indicate that the upside movement had completed at 110.90 already, then another fall towards 108.00 could be seen.

USDJPY 4-hour chart