USDJPY Daily Analysis – May 13, 2019

USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.40. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 109.00 area. Near term resistance is at 110.30, only break above this level could bring the price back towards the trend line.

USDJPY 4-hour chart