USDJPY Daily Analysis – December 1, 2016

USDJPY broke above 113.89 resistance, indicating that the uptrend from 101.18 has resumed. Further rise could be expected, and next target would be at 118.00 area. Near term support is at 112.15, as long as this level holds, the uptrend will continue. Key support is at 111.35, only break below this level could signal completion of the uptrend.

usdjpy chart