USDJPY Daily Analysis – March 19, 2018

USDJPY remains in the short term downtrend from 107.29. As long as 106.45 resistance holds, the downtrend could be expected to continue and further decline to test 105.24 support is possible. On the upside, a breakout of 106.45 resistance would indicate that the downtrend is complete, then another rise towards 108.00 could be seen.

USDJPY 4-hour chart