USDJPY Daily Analysis – December 5, 2019

USDJPY broke above 108.85 resistance, suggesting that the downside movement from 109.72 had completed at 108.42 already. Further rally could be expected in the coming days and next target would be at 109.50 area. Support is located at the bottom of price channel on the 4-hour chart, only break below the channel support could trigger another fall towards 107.00.

USDJPY 4-hour chart