USDJPY Daily Analysis – February 21, 2019

USDJPY is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 112.00 area. 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