USDJPY Daily Analysis – December 6, 2017

USDJPY remains in uptrend from 110.84, the fall from 113.08 could be treated as consolidation of the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 113.91, followed by 114.73. Only a clear break below the trend line support will indicate that the uptrend had completed at 113.08 already, then deeper decline to test 110.84 support could be seen. Below this level would aim 109.50 area.

USDJPY 4-hour chart