USDJPY Daily Analysis – December 11, 2018

USDJPY broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 114.03 had completed at 112.23 already. Further rise would likely be seen and next target would be at 114.00 area. Support is at 112.70, only a breakdown below this level could trigger another fall towards 111.50.

USDJPY 4-hour chart