USDJPY Daily Analysis – June 28, 2019

USDJPY remains in the uptrend from 106.77, the pullback from 108.16 is likely corrective consolidation for the uptrend. Another rise could be expected after consolidation and next target would be at 109.00 area. Support is at 107.40, only a breakdown below this level could bring the price back towards 107.00.

USDJPY 4-hour chart