USDJPY Daily Analysis – January 10, 2018

USDJPY is facing 112.03 support once again. A breakdown below this level could take price towards 110.84. However, as long as 112.03 support holds, the price action from 113.75 could be treated as consolidation of the uptrend from 110.84 and another rise towards 115.50 is still possible after the consolidation.

USDJPY 4-hour chart