USDJPY Daily Analysis – April 14, 2020

USDJPY extended its downside movement from 109.38 to as low as 107.50. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 106.91 support. On the upside, a breakout of the trend line resistance would indicate that the fall is complete, then another rise towards 110.00 could be seen.

USDJPY 4-hour chart