USDJPY Weekly Analysis – September 30, 2018

USDJPY extended its upside movement from 104.63 to as high as 113.71. Further rise could be expected in a couple of weeks and next target would be at 115.50 resistance. Near term support is at 112.50, only a breakdown below this would suggest that lengthier consolidation for the uptrend is needed, then the pair would find support at around 110.50.

USDJPY daily chart