USDJPY Daily Analysis – January 21, 2019

USDJPY extended its upside movement from 107.76 to as high as 109.88. As long as the price is above the bullish trend line on the 4-hour chart, 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