USDJPY Daily Analysis – February 27, 2020

USDJPY remains in the downtrend from 112.22, the bounce from 109.88 is likely consolidation for the downtrend. As long as 111.04 resistance holds, the downtrend could be expected to continue and next target would be at 109.60, followed by 109.00. Only break above 111.04 resistance could trigger another rise towards 112.50.

USDJPY 4-hour chart