USDJPY Daily Analysis – September 5, 2018

USDJPY broke above 110.30 resistance, suggesting that the downside movement from 111.82 had completed at 110.68 already. Further rise towards 111.82 resistance could be expected in the coming days and a break of this level could take the price to 112.50 area. Near term support is at 111.10, only a breakdown below this level could bring the price back towards 110.00.

USDJPY 4-hour chart