USDJPY Analysis – July 13, 2013

USDJPY’s upward movement from 93.79 reached 101.53 only. The subsequent fall suggests that a sideways movement in a range between 93.79 and 103.73 is underway. Another fall to 95.00 area would likely be seen in a couple of weeks. Resistance is at 101.53, only break above this level could trigger another rise towards 110.00.

usdjpy daily chart