USDJPY Daily Analysis – February 18, 2020

USDJPY stays in a trading range between 109.53 and 110.13. The price action in the trading range is likely consolidation for the uptrend from 108.30, a breakout of 110.13 resistance could trigger further upside movement towards 110.50. Support is at 109.53, a breakdown below this level could bring the price back to 109.00.