USDJPY Daily Analysis – March 13, 2019

USDJPY is in consolidation for the downtrend from 112.13. Range trading between 110.77 and 111.60 would likely be seen in a couple of days. Resistance is at 111.60, as long as this level holds, the downside movement could be expected to continue and next target would be at 110.00 area. Only a break of 111.60 resistance could trigger another bullish move towards 113.00.

USDJPY 4-hour chart