USDJPY Weekly Analysis – September 8, 2019

USDJPY broke above 1.0697 resistance. Further rally would likely be seen next week and the target would be at the falling trend line on the daily chart. However, as long as the trend line resistance holds, the bounce from 104.44 could be treated as consolidation for the downtrend from 112.40, one more fall towards 104.00 could be expected after the consolidation.

USDJPY daily chart