USDJPY Weekly Analysis – March 24, 2019

USDJPY broke below the bullish price channel on the daily chart, suggesting that the upside movement from 105.05 had completed at 112.13 already. Further decline could be expected and next target would be at 108.00 area. Resistance is at 111.50, only a break of this level could trigger another rise towards 114.00.

USDJPY daily chart