USDJPY Daily Analysis – March 11, 2020

USDJPY broke above the resistance of the falling trend line on the 4-hour chart, suggesting that the downtrend from 112.22 had completed at 101.17 already. Further rally would likely be seen and next target would be at 107.00 area. Near term support is at 103.20, a breakdown below this level could trigger another fall towards 100.00.

USDJPY 4-hour chart