USDJPY Daily Analysis – November 17, 2016

USDJPY remains in uptrend from 101.18, the fall from 109.75 is likely consolidation of the uptrend. Range trading between 107.00 and 109.75 would likely be seen in a couple of days. Support is at 107.00, as long as this level holds, the uptrend could be expected to resume, and further rise to 114.00 area is still possible.

usdjpy chart