USDJPY Daily Analysis – January 17, 2020

USDJPY broke above 110.20 resistance, suggesting that the uptrend from 107.65 has resumed. Further rise could be expected in a couple of days and next target would be at 110.50 area. Support is now at 109.78, a breakdown below this level could bring the price back to 109.00 area.

USDJPY 4-hour chart