USDJPY Daily Analysis – October 29, 2018

USDJPY broke below 111.62 support and extended its downside movement from 114.54 to as low as 111.37. Range trading between 111.37 and 112.88 is possible in a couple of days. Support is at 111.37, a breakdown below this level could trigger further downside movement to 110.50 area. Resistance is at 112.88, above this level would aim 114.00.

USDJPY 4-hour chart