USDJPY Daily Analysis – April 12, 2019

USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 111.82 had completed at 110.84 already. The pair is now facing 111.82 resistance, a break of this level could take the price to 113.00 area. Near term support is at 111.55, below this level could bring the price back to 111.20 area.

USDJPY 4-hour chart