USDJPY Daily Analysis – February 19, 2019

USDJPY remains in the uptrend from 108.49. As long as the price is in the rising price channel on the 4-hour chart, the fall from 111.12 could be treated as consolidation for the uptrend, further rise towards 112.00 is still possible after the consolidation. 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