USDJPY Daily Analysis – January 19, 2018

USDJPY remains in downside trend from 113.75, the bounce from 110.19 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and a breakdown below 110.19 could take price to next support level at 109.50. The key resistance is at 111.87, only break above this level could signal completion of the downtrend.

USDJPY 4-hour chart