USDJPY Daily Analysis – October 30, 2018

USDJPY moved sideways in a trading range between 111.37 and 112.88. As long as 112.88 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 114.54, a breakdown below 111.37 support could trigger another downside movement towards 110.50. Only a breakout of 112.88 resistance could bring the price back into 113.40 zone.

USDJPY 4-hour chart