USDJPY Daily Analysis – April 22, 2019

USDJPY moved sideways in a narrow range between 111.76 and 112.16. As long as 111.76 support holds, the price action in the range could be treated as consolidation for the uptrend from 110.84, further rise to 113.00 area is still possible after the consolidation. Only a breakdown below 111.76 support could bring the price back to 111.20 area.

USDJPY 4-hour chart