USDJPY Daily Analysis – December 20, 2017

USDJPY broke above 113.00 resistance, indicating that the short term downtrend from 113.75 had completed at 112.03 already. Further rally would likely be seen and next target would be at 113.75 resistance. Near term support is at 112.03, only a breakdown below this level could trigger another fall towards 110.84 support.

USDJPY 4-hour chart