USDJPY Daily Analysis – December 3, 2018

USDJPY is in the downtrend from 114.03, the bounce from 113.19 is likely correction for the downtrend. Further decline would likely be seen after the correction and a breakdown below 113.19 support could trigger another fall towards 112.50. Resistance is at 114.03, a break of this level could signal resumption of the uptrend from 112.30, then next target would be at 114.50 area.

USDJPY 4-hour chart