USDJPY Daily Analysis – January 18, 2019

USDJPY stays above the bullish trend line on the 4-hour chart and remains in the uptrend from 107.76. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 110.40 area. Only a breakdown below the trend line support could bring the price back to 107.50 area.

USDJPY 4-hour chart