USDJPY Weekly Analysis – November 10, 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 price is in the channel, the upside movement could be expected to continue and a break of 114.54 resistance could trigger further upside movement towards 115.50 resistance. Only a breakdown below the channel support could signal completion of the uptrend.

USDJPY daily chart