USDJPY Daily Analysis – January 17, 2019

USDJPY broke above 109.08 resistance, suggesting that the uptrend from 105.05 has resumed. Further rise could be expected in the coming days and next target would be at 110.40 area. Support is at 108.30, only a breakdown below this level could bring the price back to 106.50 area.

USDJPY 4-hour chart