USDJPY Daily Analysis – October 14, 2019

USDJPY extended its upside movement from 106.48 to as high as 108.62. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 109.00 area. Near term support is at 108.00, below this level could bring the price back towards the bottom of the channel.

USDJPY 4-hour chart