USDJPY Weekly Analysis – May 4, 2019

USDJPY remains in the uptrend from 105.05. As long as the price is above the rising trend line on the daily chart, the pullback from 112.40 could be treated as consolidation for the uptrend, further rise to 114.00 area is possible after the consolidation. Only a breakdown below the trend line support could signal completion of the uptrend.

USDJPY daily chart