USDJPY Daily Analysis – May 13, 2020

USDJPY remains in the uptrend from 105.98, the pullback from 107.76 is likely consolidation for the uptrend. As long as 107.00 support holds, the uptrend could be expected to resume and further rise towards 109.00 is possible. On the downside, a breakdown below 107.00 support would indicate that the upside movement had completed at 107.76 already, then another fall towards 106.00 could be seen.

USDJPY 4-hour chart