USDJPY Daily Analysis – December 14, 2018

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 112.23. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 114.50 area. Key support is at 113.00, a breakdown below this level would indicate that the upside movement had completed at 113.70 already, then another fall towards 112.00 could be seen.

USDJPY 4-hour chart