USDJPY Daily Analysis – September 21, 2018

USDJPY extended its upside movement from 110.38 to as high as 112.58. 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 112.04, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart