USDJPY Weekly Analysis – October 20, 2018

USDJPY stays in a rising price channel on the daily chart, suggesting that the pair remains in the uptrend from 104.63. As long as the channel support holds, the uptrend could be expected to continue and another rise towards 115.50 is possible after the consolidation. Only a clear break below the channel support could signal completion of the uptrend.

USDJPY daily chart