USDJPY Weekly Analysis – February 2, 2019

USDJPY remains in the uptrend from 105.05, the pullback from 109.99 is likely consolidation for the uptrend. Further rise is still possible next week and a break of 109.99 resistance could trigger another bullish move towards 112.00. Support is at 108.49, only a breakdown below this level could bring the price back towards 106.00.

USDJPY daily chart