USDJPY Daily Analysis – December 13, 2019

USDJPY broke above 109.00 resistance and extended its upside movement from 108.42 to as high as 109.58. Further rise could be expected and the target would be at the top of the rising price channel on the 4-hour chart. Near term support is at 109.10, below this level could bring the price back towards the bottom of the channel.

USDJPY 4-hour chart