TECHNICAL ANALYSIS: USDJPY – MAY 28 – JUNE 1, 2018

USDJPY is uptrend after breaking through 107.90 and staying above this level for several weeks.

The pair has dropped at the end of last week and lower to the major support range of 107.90 – 108.60. This week, traders can look for buy signals around this support area.

We still expect an uptrend as long as the price moves above 107.90