USDJPY Daily Analysis – November 20, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 106.48. As long as the channel support holds, the price action from 109.48 could be treated as consolidation for the uptrend, another rise towards 110.00 could be expected after the consolidation. Key support is at 108.23, only break below this level could bring the price back towards 107.50

USDJPY 4-hour chart