USDJPY Weekly Analysis – February 16, 2020

USDJPY remains in the uptrend from 104.44. As long as the price is in the rising price channel on the daily chart, the upside movement could be expected to continue and next target would be at 110.80 area. Key support is at 107.65, only break below this level could signal completion of the uptrend.

USDJPY daily chart