USDJPY Daily Analysis – February 12, 2020

USDJPY continued its sideways movement in a trading range between 109.53 and 110.02. As long as 109.53 support holds, the sideways movement could be treated as consolidation for the uptrend from 108.30, a breakout of 110.02 resistance could trigger further upside movement towards 110.50. However, a breakdown below 109.53 support would indicate that the upside move had completed at 110.02 already, then the pair would find support at around 109.00.

USDJPY 4-hour chart