USDJPY Daily Analysis – February 25, 2019

USDJPY continued its sideways movement in the 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, a breakout of 111.12 resistance could trigger another bullish movement towards 112.00. Only a breakdown below 110.25 support could bring the price back to 109.00 area.

USDJPY 4-hour chart