USD/JPY retreats to 111.485 critical support level

The U.S. dollar retreats to 111.485 support after reaching a critical trend-based timeframe on Thursday 21/2 which saw price hovers around 112.250 before pulling back.

The long term trend is still in a bullish form holding in the middle of the 30 minutes price channel; however, a drop in prices below 111.485 support could trigger a pullback/short sell all the way down to 110.730 and 110.270. The U.S. dollar needs to break and remain above 112.250 to continue to 112.790