top near 108.60,
During the quote’s further rise past-108.60, the previous month’s peak near 109.40 will lure the buyers.
Meanwhile, a downside break below the said support line, at 107.53 now, could recall 107.00 rest-point on the chart.
However, 23.6% Fibonacci retracement and April 29 low, respectively near 106.80 and 106.35, could please the bears during additional weakness past-107.00.
USD/JPY FOUR-HOUR CHART
Trend: Further recovery expected.