USDJPY Daily Analysis – May 3, 2019

USDJPY broke below the price channel on the 4-hour chart, suggesting that the uptrend from 109.70 had completed at 112.40 already. Further decline could be expected and next target would be at 110.50 area. Resistance is at 111.90, only break above this level could trigger another rise towards 113.00

USDJPY 4-hour chart