USDJPY Daily Analysis – November 2, 2018

USDJPY’s fall from 113.38 extended to as low as 112.55. As long as 112.50 support holds, the fall could be treated as consolidation for the uptrend from 111.37 and another rise towards 114.00 is still possible after the consolidation. Only a breakdown below 112.50 support could bring the price back to 111.80 area.

USDJPY 4-hour chart