USDJPY Daily Analysis – June 5, 2019

USDJPY remains in the downtrend from 110.67, the bounce from 107.84 is likely consolidation for the downtrend. As long as 108.45 resistance holds, the downside movement could be expected to continue and next target would be at 107.50 area, only break above 108.45 resistance could signal completion of the downtrend.

USDJPY 4-hour chart