USDJPY Daily Analysis – April 9, 2018

2018-04-09

USDJPY pulled back from 107.49 after breaking above 107.01 resistance. However, the fall is likely corrective consolidation for the uptrend from 105.65. Another rise would likely be seen after the consolidation and next target would be at 107.90 resistance. Support is at 106.50, only a breakdown below this level could bring price back to the key support level at 105.65.