USDJPY Weekly Analysis – December 23, 2018

USDJPY broke below the bottom support trend line of the price channel on the daily chart, suggesting that the uptrend from 104.63 had completed at 114.54 already. Further decline is still possible and next target would be at 109.50 area. Resistance is at 111.80, above this level could trigger another rise towards 114.00.

USDJPY daily chart