USDJPY Daily Analysis – June 22, 2018

USDJPY moved sideways in a trading range between 109.55 and 110.90. As long as 109.55 support holds, the sideways movement could be treated as consolidation for the uptrend from 108.11 and a breakout of 110.90 resistance could trigger another rise towards 111.50 area. Only a breakdown below 109.55 support could bring the price back towards 108.00.

USDJPY 4-hour chart