USDJPY Daily Analysis – March 7, 2019

USDJPY broke below 111.60 support, suggesting that lengthier consolidation for the uptrend from 108.49 is underway. Deeper decline would likely be seen and the target would be at bullish trend line on the 4-hour chart. Resistance is at 112.13, only break above this level could trigger another rise towards 113.00.

USDJPY 4-hour chart