USDJPY Daily Analysis – March 8, 2019

USDJPY stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 108.49. As long as the trend line support holds, the fall from 112.13 could be treated as consolidation for the uptrend, further rise towards 113.00 is still possible after the consolidation. Only a clear break below the trend line support could signal completion of the uptrend.

USDJPY 4-hour chart