USDJPY Daily Analysis – February 26, 2020

USDJPY broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 108.30 had completed at 112.22 already. Further decline could be expected after consolidation and next target would be at 109.50 area. Key resistance is at 111.04, only break above this level could trigger another rise towards 112.50.

USDJPY 4-hour chart