USDJPY Daily Analysis – September 19, 2019

USDJPY extended its upside movement from 104.44 to as high as 108.47. As long as 107.50 support holds, the uptrend could be expected to continue, and next target would be at 109.00 area. On the downside, a breakdown below 107.50 support would indicate that the uptrend had completed at 108.47 already, then the pair would find next support level at around 106.70.

USDJPY 4-hour chart