USD/JPY Outlook (8 November 2019)

Overall, USD/JPY has been trending upwards. Recently, USD/JPY trended higher, breaking the key level of 109 upwards after China and the U.S. have agreed to cancel existing tariffs in different phases.
Due to the trade war optimism, look for buying opportunities of USD/JPY.
USD/JPY next support level is at 108.200 and the next resistance level is at 110.500.