USDJPY Weekly Analysis – January 13, 2019

USDJPY remains in the downtrend from 114.54, the bounce from 105.05 is likely consolidation for the downtrend. Range trading between 106.00 and 110.00 is possible in a couple of weeks. As long as 110.00 resistance holds, the downtrend could be expected to resume and one more fall towards 105.00 could be expected after the consolidation.

USDJPY daily chart