USDJPY Daily Analysis – November 22, 2018

USDJPY broke above the bearish price channel on the 4-hour chart, suggesting that the downside movement from 114.20 had completed at 112.30 already. Further rally is still possible after consolidation and next target would be at 113.50 area. Support levels are at 112.70 and 112.30, only break below these levels could trigger another downside move towards 111.50.

USDJPY 4-hour chart