USDJPY Daily Analysis – March 20, 2020

USDJPY stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 101.17. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 112.50 area. Near term support is at 109.40, a breakdown below this level could bring the price back towards the trend line.

USDJPY 4-hour chart