USDJPY Daily Analysis – January 14, 2019

USDJPY moved sideways in a trading range between 107.76 and 109.08. Support is at 107.76, as long as this level holds, the uptrend from 105.05 could be expected to continue and next target would be at 110.40 area. On the downside, a breakdown below 107.76 support would confirm that the upside movement had completed at 109.08 already, then the pair would find support at around 106.50.

USDJPY 4-hour chart