USDJPY Daily Analysis – October 28, 2019

USDJPY is in consolidation for the uptrend from 106.48. Range trading between 108.03 and 108.93 would likely be seen in a couple of days. As long as 108.03 support holds, the uptrend could be expected to resume, further rise to 109.50 area is possible after the consolidation. Only break below 108.03 support could signal completion of the uptrend.

USDJPY 4-hour chart