USDJPY Weekly Analysis – Sunday, June 3

USDJPY is now in the downtrend from 111.39, the bounce from 108.11 is likely correction of the downtrend. Another fall could be expected after the correction and a breakdown below 108.11 support could take the price to 105.00 area.

Resistance levels are at 110.00 and 111.39, only a break above these levels could trigger another rise towards 115.50 resistance.

USDJPY daily chart

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