USDJPY Daily Analysis – October 19, 2017

USDJPY is now facing 113.43 resistance. A breakout of this level could trigger another rise towards 115.50 resistance. Near term support is at 112.50, below this level could trigger another fall to test 111.47 key support. Breakthrough here if seen will indicate that the upside movement from 107.31 had completed at 113.43 already, then the following correction pullback could bring price back to 109.50 zone.

USDJPY 4-hour chart