USDJPY Daily Analysis – May 29, 2019

USDJPY is facing 109.01 support, a breakdown below this level could take the price to 108.50 area. Resistance is at 109.74, a breakout of this level would indicate that that the downside movement from 110.67 has completed, then another rise towards 111.00 could be seen.

USDJPY 4-hour chart