USDJPY Weekly Analysis – March 3, 2019

USDJPY’s upside movement from 105.05 extended to as high as 112.07. As long as the price is above the bullish trend line on the daily chart, the upside movement could be expected to continue and next target would be at 113.50 area. Key support is at 110.25, only a breakdown below this level could signal completion of the uptrend.

USDJPY daily chart