USDJPY Daily Analysis – March 5, 2019

USDJPY extended its upside movement from 108.49 to as high as 112.07. Further rise is still possible after a minor consolidation and next target would be at 113.00 area. Support level is at 111.60, below this level could bring the price back to 111.20, followed by 110.80.

USDJPY 4-hour chart