USDJPY Daily Analysis – November 28, 2016

USDJPY broke below the upward trend line on 4-hour chart, indicating that consolidation of the uptrend from 101.18 is underway. Range trading between 109.00 and 113.89 would likely be seen over the next several days. Support is at 109.00, as long as this level holds, the uptrend could be expected to resume, and further rise to 120.00 area is still possible after consolidation.

usdjpy chart