USDJPY Weekly Analysis – December 1, 2018

USDJPY continued its sideways movement in a trading range between 111.37 and 114.54. As long as 111.37 key support holds, the price action in the trading range could be treated as consolidation for the uptrend from 104.63, further rise towards 115.50 resistance is possible after the consolidation. Only a breakdown below 111.37 support could signal completion of the uptrend.

USDJPY daily chart