USDJPY Daily Analysis – October 10, 2019

USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 106.48. Further rise is still possible in a couple of days and next target would be at 108.00 area. On the downside, a breakdown below the trend line support would indicate that uptrend is complete, then another fall towards 105.00 could be seen.

USDJPY 4-hour chart