USDJPY Daily Analysis – October 27, 2017

USDJPY failed to break below the rising trend line on the 4-hour chart, indicating that the pair remains in the uptrend from 111.65. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 115.50. Key support is at 113.24, only a breakdown below this level could bring price back to 112.00 area.

USDJPY 4-hour chart