USDJPY Weekly Analysis – April 19, 2020

USDJPY is facing 106.90 support, a breakdown below this level could trigger further downside movement towards 104.00. On the upside, as long as 106.90 support holds, the pullback from 111.71 could be treated as consolidation for the uptrend from 101.17, and a breakout of 109.40 resistance could signal resumption of the uptrend.

USDJPY daily chart