USDJPY Daily Analysis – October 19, 2018

USDJPY remains in the uptrend from 111.62, the fall from 112.72 is likely correction for the uptrend. Another rise could be expected after the correction and a breakout of 112.72 resistance could take the price to next resistance level at around 113.50. Support is at 111.90, only a breakdown below this level could trigger another fall towards 111.00.

USDJPY 4-hour chart