USDJPY Daily Analysis – September 25, 2017

USDJPY remains in the uptrend from 107.31. As long as the price is above the bullish trend line on the 4-hour chart, the fall from 112.71 could be treated as consolidation of the uptrend. Further rise would likely be seen after the consolidation and next target would be at 114.00. Key support is now at 111.65, only a breakdown below this level would indicate that the uptrend had completed at 112.71 already, then the following downside move could bring price back towards 109.54.

USDJPY 4-hour chart