USDJPY Daily Analysis – November 13, 2014

USDJPY remains in uptrend from 105.32, the fall from 116.09 is likely consolidation of the uptrend. Further rise could be expected and next target would be at 117.00 area. Support is at 113.86, only break below this level will indicate that the uptrend had completed at 116.09 already, then deeper decline to 112.00 area could be seen.

usdjpy chart