USDJPY Daily Analysis – November 28, 2018

USDJPY’s upside movement from 112.30 extended to as high as 113.85. Further rise is still possible and next target would be at 114.00 area. Near term support is at 113.40, a breakdown below this level could bring the price back towards the bullish trend line on the 4-hour chart.

USDJPY 4-hour chart