USDJPY Daily Analysis – February 22, 2019

USDJPY moved sideways in a trading range between 110.25 and 111.12. As long as 110.25 support holds, the price action in the range could be treated as consolidation for the uptrend from 108.49, further rise to 112.00 area is still possible after the consolidation. Only a breakdown below 110.25 support could bring the price back to 109.00 area.

USDJPY 4-hour chart