USDJPY Daily Analysis – June 11, 2020

USDJPY broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 105.98 had completed at 109.84 already. Further decline would likely be seen after a minor consolidation and next target would be at 106.00 area. Near term resistance is at 107.90, only break above this level could trigger another rise towards 110.00.

USDJPY 4-hour chart