USDJPY Daily Analysis – April 29, 2019

USDJPY is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the pullback from 112.40 could be treated as consolidation for the uptrend from 109.70, another rise towards 113.00 could be expected after the consolidation. Only a clear break below the channel support could signal completion of the uptrend.

USDJPY 4-hour chart