USDJPY Daily Analysis – March 17, 2020

USDJPY remains in the uptrend from 101.17. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 108.49 could be treated as consolidation for the uptrend, and further rise to 110.00 area is possible after the consolidation. Key support is at 105.13, only a break below this level could bring the price back to 102.50 zone.

USDJPY 4-hour chart