USDJPY Daily Analysis – November 14, 2017

USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 114.73 is complete. Another rise to test 114.73 resistance would likely be seen in the coming days. A breakout of this level could trigger further bullish movement towards 115.50. Near term support is at 112.95, below this level could bring to 112.65 area, followed by 111.65.

USDJPY 4-hour chart