USDJPY Daily Analysis – February 14, 2020

USDJPY moved sideways in a trading range between 109.53 and 110.13. As long as 109.53 support holds, the price action in the range could be treated as consolidation for the uptrend, and further rise towards 110.50 is possible after the consolidation. On the downside, a breakdown below 109.53 support would indicate that the upside movement had completed at 110.13 already, then the pair would find next support at around 109.00.

USDJPY 4-hour chart