USDJPY Daily Analysis – May 24, 2019

USDJPY broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 109.01 had completed at 110.67 already. Further decline could be expected and next target would be at 109.01 support. Resistance is at 110.00, only break above this level could trigger another rise towards 111.50.

USDJPY 4-hour chart