USDJPY Daily Analysis – May 4, 2017

USDJPY’s bullish movement from 108.13 extended to as high as 112.89. As long as the pair is in the ascending price channel on 4-hour chart, the bullish move could be expected to continue, and next target would be at 114.00 area. Key support is now at 111.75, only break below this level could signal completion of the uptrend.

USDJPY chart