USDJPY Daily Analysis – September 21, 2017

USDJPY’s bullish movement from 107.31 extended to as high as 112.64. As long as the price is above the rising trend line on the 4-hour chart, the bullish move could be expected to continue, and next target would be at 114.00 area. Near term support is at the trend line, and the key support is now at 111.08, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart