USDJPY Daily Analysis – February 18, 2019

USDJPY stays in a bullish price channel on the 4-hour chart. As long as the price is in the channel, the fall from 111.12 could be treated as consolidation for the uptrend from 108.49, and further rise to 112.00 area is still possible. Key support is at 110.25, only a breakdown below this level could bring the price back to 109.00 area.

USDJPY 4-hour chart