USDJPY Daily Analysis – March 19, 2020

USDJPY extended its upside movement from 101.17 to as high as 109.06, breaking above 108.49 resistance. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 110.00 area. Only break below the trend line support could signal completion of the uptrend.

USDJPY 4-hour chart