USDJPY Daily Analysis – February 28, 2020

USDJPY extended its downside movement from 112.22 to as low as 109.32. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 109.00 area, only break above the trend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart