USDJPY Daily Analysis – December 22, 2017

USDJPY is facing 113.75 resistance. A breakout of this level will confirm that the uptrend from 110.84 has resumed, then next target would be at 114.73 resistance. Support is at the bottom of the rising price channel on the 4-hour chart. Only a clear break below the channel support could bring price back towards 112.03.

USDJPY 4-hour chart