USDJPY Daily Analysis – November 1, 2018

USDJPY remains in the uptrend from 111.37, the pullback from 113.38 is likely consolidation for the uptrend. Near term support is at 112.50, as long as this level holds, the upside movement could be expected to continue and next target would be at 114.00 area. Only a breakdown below 112.50 support could bring the price back to 111.80 area.

USDJPY 4-hour chart