USDJPY Daily Analysis – April 11, 2019

USDJPY stays below a bearish trend line on the 4-hour and remains in the downtrend from 111.82. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 110.50 area. Key resistance is at 111.30, only break above this level could signal completion of the downtrend.

USDJPY 4-hour chart