USDJPY Daily Analysis – November 12, 2019

USDJPY moved sideways in a trading range between 108.64 and 109.48. As long as 108.64 support holds, the price action in the range could be treated as consolidation for the uptrend from 107.88, further rise to 110.00 area is possible after the consolidation. Key support is at 108.64, only break below this level could signal completion of the uptrend.

USDJPY 4-hour chart