USDJPY Daily Analysis – September 24, 2018

USDJPY stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 112.87. As long as the channel support holds, the fall from 112.87 could be treated as consolidation for the uptrend and further rise towards 113.50 is still possible after the consolidation. Key support is at 112.04, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart