USDJPY Daily Analysis – March 6, 2019

USDJPY remains in the uptrend from 108.49, the pullback from 112.13 is likely consolidation for the uptrend. Further rise is still possible after the consolidation and next target would be at 113.00 area. Support is at 111.60, a breakdown below this level could bring the price back to 111.20, followed by 110.80.

USDJPY 4-hour chart