USDJPY Daily Analysis – November 21, 2019

USDJPY is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the fall from 109.48 could be treated as consolidation for the uptrend from 106.48, another rise towards 110.00 is possible 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