USDJPY Daily Analysis – December 6, 2019

USDJPY stays in a rising price channel on the 4-hour chart. Another rise towards 110.00 would likely be seen over the next several days. Support is at 108.42, only a breakdown below this level would confirm that the upside movement from 104.44 (Aug 26 low) had completed at 109.72 already, then the following downside movement could take the price to 106.50 area.

USDJPY 4-hour chart