USDJPY Daily Analysis – May 22, 2019

USDJPY broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 112.40 had completed at 109.01 already. Further rise could be expected and next target would be at 111.50 area. Key support is located at the rising trend line, only a clear break below this trend line support could trigger another fall towards 108.50.

USDJPY 4-hour chart