USDJPY Daily Analysis – January 30, 2018

USDJPY moved sideways in a trading range between 108.28 and 109.77. As long as 109.77 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 111.48 and another fall towards 107.31 is still possible after the consolidation. Near term support is at 108.28, a breakdown below…
Source: USDJPY Daily Analysis – January 30, 2018