USDJPY Daily Analysis – November 27, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 108.27. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 109.48 resistance. On the downside, a clear break below the channel support would indicate that the upside movement is complete, then another fall towards 108.00 could be seen.

USDJPY 4-hour chart