USDJPY Daily Analysis – January 29, 2019

USDJPY broke below 109.14 support, suggesting that the upside movement from 105.05 had completed at 109.99 already. Further decline could be expected and next target would be at 108.00 area. Resistance is at 109.55, only a break of this level could trigger another rise towards 110.50.

USDJPY 4-hour chart