USDJPY Daily Analysis – November 22, 2017

USDJPY stays below a falling trend line on the 4-hour chart and remains in short term downtrend from 114.73. As long as the price is below the trend line, the downtrend could be expected to continue and another fall to test 111.65 support is still possible. Near term resistance is at 112.71, a break above this level could bring price back to test the trend line resistance. Only a clear break above the trend line could signal completion of the downtrend.

USDJPY 4-hour chart