USDJPY Daily Analysis – October 31, 2018

USDJPY broke above 112.88 resistance and extended its upside movement from 111.37 to as high as 113.32. Further rise is still possible and next target would be at 114.00 area. Near term support is at 112.60, only a breakdown below this level could bring the price back to 111.80 area.

USDJPY 4-hour chart