USDJPY Daily Analysis – November 23, 2018

USDJPY broke above the bearish price channel on the 4-hour chart and is now in uptrend from 112.30. Further rally could be expected after a minor 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