USDJPY Daily Analysis – September 29, 2017

USDJPY remains in the uptrend from 107.31, the fall from 113.25 is likely consolidation of the uptrend. Range trading between 111.47 and 113.25 would likely be seen in a couple of days. As long as 111.47 support holds, the uptrend could be expected to resume and further rise to 114.00 area is still possible. On the downside, a breakdown below 111.47 support could indicate that the uptrend from 107.31 had completed at 113.25 already, then the following correction pullback could bring price back towards 109.54.

USDJPY 4-hour chart