USDJPY Daily Analysis – October 30, 2014

USDJPY continued its upward movement from 105.32, and the rise extended to as high as 109.11. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, further rise could be expected, and next target would be at 109.70 area. Key support is at 107.60, only break below this level could signal completion of the uptrend.

usdjpy chart