USDJPY Daily Analysis – November 18, 2019

USDJPY broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 109.48 had completed at 108.23 already. Further rally could be expected in the coming days and next target would be at 109.30 area. Support is at 108.23, only break below this level could trigger another fall towards 107.50.

USDJPY 4-hour chart