USDJPY Daily Analysis – March 18, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 110.77. As long as the price is in the channel, the upside movement could be expected to continue and next target would be at 112.50 area. Only a clear break below the channel support could signal completion of the uptrend.

USDJPY 4-hour chart