USDJPY Daily Analysis – October 10, 2018

USDJPY remains in the downtrend from 114.54, the bounce from 112.82 is likely consolidation for the downtrend. Further decline is possible after the consolidation 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