USDJPY Daily Analysis – April 10, 2020

USDJPY remains in the uptrend from 106.91, the pullback from 109.38 is likely consolidation for the uptrend. As long as 108.10 support holds, the upside movement could be expected to resume and further rise towards 111.00 is possible after the consolidation. On the downside, a breakdown below 108.10 support would indicate that the upside movement had completed at 109.38 already, then another fall towards 106.00 could be seen.

USDJPY 4-hour chart