USDJPY Daily Analysis – March 12, 2019

USDJPY remains in the downtrend from 112.13, the bounce from 110.77 is likely correction for the downtrend. Another fall could be expected after the correction and next target would be at 110.00 area. Resistance is at 111.75, only a break of this level could trigger another bullish move towards 113.00.

USDJPY 4-hour chart