USDJPY Daily Analysis – November 5, 2014

USDJPY remains in uptrend from 105.32, the fall from 114.21 is likely consolidation of the uptrend. Support levels are at 112.50 and 112.00, as long as these levels hold, the uptrend could be expected to continue, and next target would be at 117.00 area. Only break below 112.00 support could signal completion of the uptrend.

usdjpy chart