Analysis


USDJPY Daily Analysis

USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.15. Further decline to test 110.58 support is possible and a breakdown below this level would aim 110.00 area. On the upside, a clear break above the trend line resistance would indicate that the downside movement is complete, then the pair would find resistance at 112.15.