USDJPY Daily Analysis – May 18, 2020

USDJPY moved sideways in a trading range between 106.74 and 107.43. A breakout of 107.43 resistance would indicate that the upside movement from 105.98 has resumed, then next target would be at 108.08 resistance, only break below 106.74 support could trigger further downside movement to test 105.98 support.

USDJPY 4-hour chart