USDJPY Daily Analysis – December 5, 2018

USDJPY broke below 113.19 support and extended its downside movement from 114.03 to as low as 112.57. Further decline is still possible and next target would be at 112.00 area. Resistance is at 113.20, as long as this level holds, the downtrend will continue.

USDJPY 4-hour chart