USDJPY Daily Analysis – November 15, 2018

USDJPY broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 111.37 had completed at 114.20 already. Deeper decline is possible and next target would be at 112.94 support. Resistance is at 113.90, only a breakout of this level could trigger another rise towards 114.50.

USDJPY 4-hour chart