USDJPY Daily Analysis – November 9, 2018

USDJPY extended its upside movement from 111.37 to as high as 114.08. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to continue and next target would be at 114.50 area. Key support is now at 112.94, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart