USDJPY Daily Analysis – October 15, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 106.48. Further rise towards 109.00 is still possible. On the downside, a breakdown below the channel support would indicate that the upside movement had completed at 108.62 already, then another fall towards 106.50 could be seen.

USDJPY 4-hour chart