USDJPY Weekly Analysis – June 14, 2014

USDJPY continued its sideways movement in a range between 100.75 and 105.44. As long as 100.75 support holds, the price action in the range could be treated as consolidation of the uptrend from 93.79 (Jun 13, 2013 low), another rise to 110.00 to complete the upward movement is still possible. Only break below 100.75 support will indicate that the uptrend had completed at 105.44 already, then next target would be at 96.50 area.

usdjpy chart