USDJPY Daily Analysis – June 6, 2019

USDJPY broke above 108.45 resistance, suggesting that the downside movement from 109.92 had completed at 107.81 already. Further rally would likely be seen in a couple of days and next target would be at 108.80, followed by 109.30. Support is at 107.81, only break below this level could trigger another fall towards 107.00.

USDJPY 4-hour chart