USDJPY Daily Analysis – September 23, 2019

USDJPY is facing 107.49 support, a breakdown below this level would indicate that the upside movement from 104.44 had completed at 108.47 already, then the following downside movement could bring the price back to 106.00 area. On the upside, as long as 107.49 support holds, the fall from 108.47 could be treated as consolidation for the uptrend, further rise to 109.50 area is still possible after the consolidation.

USDJPY 4-hour chart