USDJPY Daily Analysis – November 26, 2019

USDJPY’s bounce from 108.23 extended to as high as 109.20. Further rise could be expected in a couple of days and next target would be at 109.48 resistance. Near term support is at 108.80, a breakdown below this level could bring the price back towards the bottom of the price channel on the 4-hour chart.

USDJPY 4-hour chart