USDJPY TECHNICAL ANALYSIS 2017/12/05

USDJPY DAILY

Market is flat. price is bullish. Based on the H4 analysis, the price will rise from just above MPP/112.7030 and will rise to just above MR1/114.5610.

Source: MT4

USDJPY H4

Market is bullish. 5 is crossing the 8 so price is becoming bullish. Price comes up from WM2/1114770 and rises to WR1/113.0410, where it makes a higher high. Price comes down to WM3/112.492, making a lower high and failing to break support where bulls buy and price towards 114.500 and profit taking could possibly happen.

Source: MT4

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