USDJPY Daily Analysis – June 21, 2018

USDJPY’s bounce from 109.55 extended to as high as 110.64. Further rise to test 110.90 resistance is possible. A breakout of this level would indicate that the upside movement from 108.11 has resumed, then next target would be at 111.50 area. Key support is at 109.55, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart