USDJPY Weekly Analysis – September 29, 2019

USDJPY remains in the downtrend from 112.40, the bounce from 104.44 is likely consolidation for the downtrend. Near term support is at 106.95, a breakdown below this level could trigger another fall towards 104.00. Resistance is at 108.47, a breakout of this level could take the price to 109.30 area.

USDJPY daily chart