USDJPY Daily Analysis – December 24, 2018

USDJPY remains in the downtrend from 113.70, the bounce from 110.81 is likely consolidation for the downtrend, a breakdown below 110.81 support could trigger further downside movement towards 110.00. Resistance is at 111.70, only a break of this level could signal completion of the downtrend.

USDJPY 4-hour chart