USDJPY Daily Analysis – September 18, 2018

USDJPY extended its upside movement to as high as 112.16. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and a breakout of 112.16 resistance could take the price to 113.00 area. Support is at 111.66, a breakdown below this level could bring the price back towards 111.00.

USDJPY 4-hour chart