USDJPY Daily Analysis – October 31, 2014

USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 105.32. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 109.70 area. Key support is at 107.60, only break below this level could signal completion of the uptrend.

usdjpy chart