USDJPY Daily Analysis – October 30, 2019

USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 108.25. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 109.50 area. On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 109.06 already, then another fall towards 108.00 could be seen.

USDJPY 4-hour chart