USDJPY Daily Analysis – June 20, 2019

USDJPY broke below 107.81 support, suggesting that the downside movement from 112.40 (Apr 24 high) has resumed. Further decline could be expected and next target would be at 107.00 area. Resistance is at 108.00, only break above this level could bring the price back towards 108.80.

USDJPY 4-hour chart