USD/JPY Weekly Analysis – Sunday, Nov. 3

USD/JPY failed to break below the bottom support trend line of the price channel on the daily chart, suggesting that the pair remains in the uptrend from 104.63 and another rise towards 115.50 resistance would likely be seen.

Only a breakdown below the channel support would confirm that the upside movement had completed at 114.54 already, then the pair would find support at around 109.00.

USDJPY daily chart

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