USDJPY Daily Analysis – April 30, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 109.70. As long as the channel support holds, the pullback from 112.40 could be treated as consolidation for the uptrend, further rise to 113.00 area is still possible after the consolidation. Only a clear break below the channel support could signal completion of the uptrend.

USDJPY 4-hour chart