USDJPY Daily Analysis – February 27, 2018

USDJPY stays in a falling price channel on its 4-hour chart, indicating that the pair remains in the downtrend from 113.75 (Dec 12, 2017 low). Further decline is still possible after consolidation and a breakdown below 105.54 support could trigger another fall towards 103.00. The key resistance is at 107.90, only break above this level could signal completion of the downtrend.

USDJPY 4-hour chart