USDJPY Weekly Analysis – November 24, 2018

USDJPY moved sideways in a trading range between 111.37 and 114.54. As long as the price is in the rising price channel on the daily chart, the sideways movement could be treated as consolidation for the uptrend from 104.63 and further rise towards 115.50 resistance is possible after the consolidation. Only a breakdown below the channel support could signal completion of the uptrend.

USDJPY daily chart