USDJPY Daily Analysis – January 25, 2019

USDJPY continued its sideways movement in a trading range between 109.14 and 109.99. The sideways movement is likely consolidation for the uptrend from 105.05. As long as 109.14 support holds, the upside movement could be expected to resume, a break of 109.99 resistance could take the price to 110.50 area. Only a breakdown below 109.14 support could bring the price back to 107.50 zone.

USDJPY 4-hour chart