USDJPY Daily Analysis – December 19, 2019

USDJPY continued its sideways movement in a trading range between 109.20 and 109.70. Further rise is still possible and next target would be at the top of the price channel on the 4-hour chart. Support is at 109.20, a breakdown below this level could bring the price back towards the bottom of the channel.

USDJPY 4-hour chart