USDJPY Daily Analysis – November 28, 2019

USDJPY extended its upside movement from 108.27 to as high as 109.60, breaking above 109.48 resistance. As long as the price is in the rising channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 110.00 area. On the downside, a breakdown below the channel support would indicate that the uptrend had completed at 109.60 already, then another fall towards 108.50 could be seen.

USDJPY 4-hour chart