USDJPY Weekly Analysis – April 21, 2019

USDJPY break above 112.13 resistance, suggesting that the uptrend from 105.05 has resumed. Further rise could be expected in a couple of weeks and next target would be at 114.00 area. Support is located at the rising trend line on the daily chart, a breakdown below the trend line could bring the price back towards 109.70 support.

USDJPY daily chart