USDJPY Daily Analysis – September 2, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the short term uptrend from 104.44. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 107.08 resistance. Key support is at 105.58, a breakdown below this level could trigger another fall towards 104.50.

USDJPY 4-hour chart