USDJPY Daily Analysis – May 20, 2019

USDJPY broke above 110.04 resistance. Further rally towards the falling trend line on the 4-hour chart could be expected in the coming days. A breakout of the trend line resistance would confirm that the downside movement from 112.40 had completed at 109.01 already, then next target would be at 111.50 area.

USDJPY 4-hour chart