USDJPY Daily Analysis – October 9, 2018

USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 110.38 had completed at 114.54 already. Further decline could be expected and next target would be at 112.00 area. Resistance levels are at 113.40 and 113.80, only break above these levels could trigger another rise towards 115.50 resistance.

USDJPY 4-hour chart