USDJPY Daily Analysis – October 15, 2018

USDJPY stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 114.54. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 111.20. Only a clear break above the trend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart