Technically, the late April gap on the daily chart has been filled by the latest down move and there is strong support above 108 from the lows registered a few days earlier. By contrast, there is little resistance ahead of the 1.1050-1.1200 trading range in place before the latest fall, and any break above those levels would bring the recent highs around 1.1430 back into play.
Comment:
$USDJPY Pattern: Falling Wedge: Direction up! Predicted range: 111.086 to 112.589 Predicted Period 6/8/17 to 7/15/17