May 30, 2017
USDJPY moved sideways in a narrow range between 110.86 and 112.13. Initial support is at 110.86, as long as this level holds, the fall from 112.13 could be treated as correction of the uptrend from 110.23, and another rise towards 115.00 could be expected after the correction. Near term resistance is at 112.13, a break of this level could signal resumption of the uptrend. On the downside, a breakdown below 110.86 support will indicate that the pair remains in downtrend from 114.36, then the pair will find support around 109.60.
