USDJPY Daily Analysis – June 13, 2019

USDJPY failed to break above 109.00 resistance and pulled back from 108.80, suggesting that the pair remains in the downtrend from 112.40. Deeper decline to test 107.80 support could be expected in the coming days, a breakdown below this level could trigger further downside movement towards 107.00. Only break above 109.00 key resistance could signal completion of the downtrend.

USDJPY 4-hour chart