USDJPY Daily Analysis – March 11, 2019

USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 108.49 had completed at 112.13 already. Deeper decline is possible in the coming days and next target would be at 110.40 area. Resistance is at 111.30, a break of this level could bring the price back towards 112.00.

USDJPY 4-hour chart