USDJPY Daily Analysis – August 28, 2018

USDJPY remains in the uptrend from 109.77, the fall from 111.48 is likely consolidation for the uptrend. Further rise is still possible after the consolidation and next target would be at 112.50 area. Support is at 110.80, only a breakdown below this level could bring the price back towards 109.77.

USDJPY 4-hour chart