USDJPY Daily Analysis – September 17, 2019

USDJPY extended its upside movement from 105.73 to as high as 108.36. As long as 107.50 support holds, the upside movement could be expected to continue and next target would be at 109.00 area. On the other side, a breakdown below 107.50 support would indicate that the upside movement had completed at 108.25 already, then deeper decline towards 106.70 could be seen.

USDJPY 4-hour chart