USDJPY Daily Analysis – March 28, 2018

USDJPY is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 104.63 could be treated as consolidation for the short term downtrend from 107.29 and a breakdown below 104.63 support could trigger another fall towards 102.00. Only a clear break above the tend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart