USDJPY Daily Analysis – March 18, 2015

USDJPY moved sideways in a narrow range between 120.66 and 122.02. As long as 120.66 support holds, the price action in the range could be treated as consolidation of the uptrend from 118.23, another rise to 125.00 area could be expected after consolidation. Only break below 120.66 support could signal completion of the uptrend.

usdjpy chart