USDJPY Daily Analysis – September 19, 2018

USDJPY extended its upside movement from 110.38 to as high as 112.39. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 113.00 area. Key support is at 111.66, only a breakdown below this level could bring the price back towards 111.00.

USDJPY 4-hour chart