USDJPY Daily Analysis – October 17, 2019

USDJPY stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 106.48. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 109.50 area. Key support is at 108.03, only break below this level could signal completion of the uptrend.

USDJPY 4-hour chart