USDJPY Daily Analysis – June 27, 2019

USDJPY broke above 107.73 resistance, suggesting that the downside movement from 108.80 had completed at 106.77 already. Further rally could be expected in the coming days and next target would be at 108.50 area. Support is at 107.40, only a breakdown below this level could bring the price back towards 107.00.

USDJPY 4-hour chart