USDJPY Daily Analysis – September 30, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the short term uptrend from 106.95. As long as the channel support holds, further rise towards 108.47 resistance is still possible. However, a breakdown below the channel support would indicate that the uptrend had completed at 108.17 already, then the following downside movement could take the price to 106.00 area.

USDJPY 4-hour chart