USDJPY Daily Analysis – November 29, 2018

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 112.30. As long as the channel support holds, the fall from 114.03 could be treated as consolidation for the uptrend. Further rise is possible after the consolidation and next target would be at 114.50 area. On the downside, a clear break below the channel support would indicate that the uptrend had completed at 114.03 already, then deeper decline to 112.60 area could be seen.

USDJPY 4-hour chart