USDJPY Daily Analysis – December 4, 2017

USDJPY broke above 112.71 resistance, suggesting that the downside movement from 114.73 had completed at 110.84 already. Further rally would likely be seen and next target would be at 113.91, followed by 114.73. Near term support is at the rising trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

USDJPY 4-hour chart