USD/JPY Weekly Analysis – Sunday, Dec. 2

USD/JPY continued its sideways movement in a trading range between 111.37 and 114.54. As long as 111.37 key support holds, the price action in the trading range could be treated as consolidation for the uptrend from 104.63.

A further rise towards 115.50 resistance is possible after the consolidation. Only a breakdown below 111.37 support could signal completion of the uptrend.

USDJPY daily chart

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