USDJPY Daily Analysis – June 10, 2019

USDJPY moved sideways in a trading range between 107.81 and 108.61. As long as 108.61 resistance holds, the downtrend from 110.67 could be expected to resume and further decline to 107.00 area is possible after the consolidation. Key resistance is at 109.00, only a break of this level could signal completion of the downtrend.

USDJPY 4-hour chart