USDJPY Daily Analysis – January 3, 2019

USDJPY stays below a falling trend line on its 4-hour chart and remains in the downtrend from 113.70. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 105.00 area. Only a breakout of the trend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart