USDJPY Daily Analysis – November 7, 2018

USDJPY broke above 113.38 resistance and extended its upside movement from 111.37 to as high as 113.72. Further rise is still possible and next target would be at 114.00 area. Key support is at 112.55, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart