USDJPY Daily Analysis – February 5, 2019

USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the upside movement from 105.05 has resumed. Further rise could be expected and next target would be at 111.00 area. Support is at 109.20, a breakdown below this level could bring the price back to 108.00 area.

USDJPY 4-hour chart