USDJPY Daily Analysis – October 8, 2019

USDJPY broke above 107.30 resistance, suggesting that the downside movement from 108.47 had completed at 106.48 already. Further rally could be expected in the coming days and next target would be at 108.00 area. Support is at 106.48, only break below this level could trigger another fall towards 105.00.

USDJPY 4-hour chart