USDJPY Daily Analysis – February 27, 2019

USDJPY remains in the uptrend from 108.49, the price action from 111.12 is likely consolidation for the uptrend. As long as 110.25 support holds, the upside movement could be expected to continue and next target would be at 112.00 area. Only a breakdown below 110.25 support could bring the price back to 109.00 area.

USDJPY 4-hour chart