USDJPY Daily Analysis – October 31, 2019

USDJPY broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 108.25 had completed at 109.28 already. Further decline would likely be seen and next target would be at 108.40 area. Resistance is at 109.28, only break above this level could trigger another rise towards 109.50.

USDJPY 4-hour chart