USDJPY Daily Analysis – June 29, 2018

USDJPY broke above the top trend line of the price channel on the 4-hour chart, suggesting that the uptrend from 108.11 has resumed. Further rise could be expected and next target would be at 111.00 area. Support is at 109.90, only a breakdown below this level could trigger another fall towards 109.00.

USDJPY 4-hour chart