USDJPY Weekly Analysis – December 15, 2019

USDJPY remains in the uptrend from 104.44. As long as 107.88 support holds, the upside movement could be expected to continue and next target would be at 110.50 area. On the downside, a breakdown below 107.88 support would indicate that the upside movement had completed at 109.72 already, then the pair would find support at 106.48.

USDJPY daily chart