USDJPY Daily Analysis – April 23, 2019

USDJPY broke below 111.76 support, suggesting that the upside movement from 110.84 had completed at 112.16 already. Further decline is still possible and next target would be at 111.20 area. Resistance is at 112.16, only break above this level could trigger another rise towards 113.00.

USDJPY 4-hour chart