USDJPY Daily Analysis – March 27, 2019

USDJPY remains in the downtrend from 111.90, the bounce from 109.70 is likely consolidation for the downtrend. Key resistance is at 110.95, as long as this level holds, the downside movement could be expected to resume, and next target would be at 109.00 area. Only break above 110.95 resistance could signal completion of the downtrend.

USDJPY 4-hour chart