USDJPY Daily Analysis – February 15, 2019

USDJPY remains in the uptrend from 108.49, the pullback from 111.12 is likely consolidation for the uptrend. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 112.00 area. Support is now located at the bottom of the channel, only a breakdown below the channel support could signal completion of the uptrend.

USDJPY 4-hour chart