USDJPY Daily Analysis – December 20, 2018

USDJPY broke above 112.63 resistance, suggesting that the short term downtrend from 113.70 had completed at 112.08 already. Another rise towards 113.50 would likely be seen in the coming days. Support is at 112.08, only a break below this level could trigger further downside movement towards 111.50.

USDJPY 4-hour chart