USDJPY Daily Analysis – January 6, 2020

USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 109.70. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 107.50 area. On the upside, a breakout of the trend line resistance would indicate that consolidation for the downtrend is underway, then the pair would find resistance at around 108.80.

USDJPY 4-hour chart