USDJPY Daily Analysis – October 4, 2018

USDJPY’s upside movement from 110.38 extended to as high as 114.54. Further rise is still possible and next target would be at 115.50 resistance. Near term support is at 113.52, a breakdown below this level could bring the price back towards the bullish trend line on the 4-hour chart.

USDJPY 4-hour chart