USDJPY Daily Analysis – April 25, 2018

USDJPY remains in the uptrend from 106.88, the pullback from 109.20 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and a breakout of 109.20 resistance could take the price to 110.50 area. Support is at 108.20, only break below this level could signal completion of the uptrend.

USDJPY 4-hour chart