USDJPY Weekly Analysis – October 4, 2014

USDJPY stays in the upward price channel on daily chart. As long as the channel support holds, the uptrend from 101.06 could be expected to continue, and next target would be at 115.00 area. On the downside, a clear break below the channel support will indicate that consolidation of the uptrend is underway, then deeper decline to 107.00 area could be seen.

usdjpy chart