USDJPY Daily Analysis – September 20, 2018

USDJPY is facing the support of the price channel on the 4-hour chart. A breakdown below the channel support could bring the price back to next support level at 111.66, below here would aim 111.00 area. However, as long as the channel support holds, the fall from 112.44 could be treated as consolidation of the uptrend from 110.38, and further rise towards 113.00 is still possible.

USDJPY 4-hour chart