USDJPY trend analysis Monday, June 28

The short-term trend of the US dollar against the Japanese yen(USDJPY) is neutral. As long as 109.70 support holds its position, we can expect another uptrend. With the break of 111.10, the key resistance of 111.71 will be the next target of the USDJPY. The break of this resistance could trigger a deep uptrend and move the market to the estimated 61.8% Fibonacci at 112.64. However, from the traders' point of view, if the pair crosses below the support of 109.70, the short-term trend of USDJPY will decline to the support of 107.47.



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Weekly Analysis: Will USDJPY reach the bottom of the downtrend channel?

USDJPY Thursday, February 11

USDJPY currency pair trend