USDJPY Daily Analysis – November 11, 2014

USDJPY is in consolidation of the uptrend from 105.32, range trading between 113.17 and 115.50 would likely be seen in a couple of days. Key support is at 113.17, as long as this level holds, the uptrend could be expected to resume, and next target would be at 117.00 area. However, a breakdown below 113.17 support will indicate that the uptrend had completed at 115.50 already, then deeper decline to 110.00 area could be seen.

usdjpy chart