USDJPY Weekly Analysis – Sunday, Feb. 23

USDJPY broke above the rising price channel on the daily chart and extended its upside movement from 104.44 to as high as 112.22.

A further rise would likely be seen after a minor consolidation and next target would be at 113.50 area. Near term support is at 110.80, only a break below this level could signal completion of the uptrend

USDJPY daily chart

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