USDJPY Weekly Analysis – January 27, 2019

USDJPY’s upside movement from 105.05 extended to as high as 109.99. Further rise is still possible after a minor consolidation and next target would be at 112.00 area. Near term support is at 109.00, a breakdown below this level could bring the price back to 106.00 zone.

USDJPY 4-hour chart