USDJPY Daily Analysis – September 20, 2017

USDJPY stays above a bullish trend line on the 4-hour chart, suggesting that the price remains in the uptrend from 107.31. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 112.50 area. On the downside, a breakdown below the trend line support would indicate that correction for the uptrend is underway, then the following pullback could bring price towards the first support level at 109.54, followed by 108.55.

USDJPY 4-hour chart