USDJPY Daily Analysis – November 24, 2017

USDJPY stays below a falling trend line on the 4-hour chart and remains in downtrend from 114.73. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 109.50 area. On the upside, a clear break above the trend line resistance could bring price back to next resistance level at 112.71. Above here would aim 113.91.

USDJPY 4-hour chart