USDJPY Daily Analysis – October 3, 2018

USDJPY stays above the bullish trend line on the 4-hour chart and remains in the uptrend from 110.38. As long as the price is above the trend line, the pullback from 114.06 could be treated as consolidation of the uptrend. A breakout of 114.06 resistance could trigger another rise towards 115.50. Only a clear break below the trend line support could signal completion of the uptrend.

USDJPY 4-hour chart