USDJPY Daily Analysis – October 2, 2018

USDJPY extended its upside movement from 110.38 to as high as 114.06. Near term support is at 113.50, as long as this level holds, the upside movement could be expected to continue and next target would be at 115.00 area. On the downside, a breakdown below 113.50 support would indicate that consolidation for the uptrend is underway, then the pair would find next support at around 113.00 area.

USDJPY 4-hour chart