USDJPY Daily Analysis – December 5, 2017

USDJPY extended its upside movement from 110.84 to as high as 113.08. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to continue and next target would be at 113.91. Near term support is at 112.10, below this level could bring price back towards the trend line. Only a clear break below the trend line support could signal completion of the uptrend.

USDJPY 4-hour chart