USDJPY Analysis – April 3, 2010

USDJPY broke above 93.75 key resistance, suggesting the the uptrend from 84.82 has resumed, and another rise towards 100.00 is underway. Support level is now at 93.00 followed by 92.00, as long as these levels hold, uptrend from 88.14 could be expected to continue.

For long term analysis, USDJPY is in bullish movement from 84.82, further rise towards 100.00 could be seen in next several weeks.

usdjpy daily chart