USDJPY Daily Analysis – February 26, 2019

After touching 111.12 resistance, USDJPY pulled back into the trading range between 110.25 and 111.12, suggesting that lengthier consolidation for the uptrend from 108.49 is needed. However, as long as 110.25 support holds, one more rise towards 112.00 is still possible. Only a breakdown below 110.25 support could bring the price back to 109.00 area.

USDJPY 4-hour chart