USDJPY Weekly Analysis – September 15, 2019

USDJPY broke above the resistance of the falling trend line on the daily chart, suggesting that the downside movement from 112.40 had completed at 104.44 already. Further rally could be expected and next target would be at 109.50 area. Near term support is at 107.40, below this level could bring the price back to 106.50 area.

USDJPY daily chart