usdjpy-h1-20161202
USDJPY H1, Rising Channel, Retracement Towards Bottom

USDJPY continues to rally amid high expectation of a rate hike this month and will probably continue tonight on a positive and supportive NFP figures.

The price is seen appreciating within a rising channel and is now making retracement towards the bottom of the channel.

The retracement is expected to be completed at support level 113.22, right above FR61.8% of the previous wave of appreciation.