USDJPY Weekly Analysis – October 26, 2014

USDJPY remains in uptrend from 101.06, the fall from 110.08 could be treated as consolidation of the uptrend. Resistance is at 110.08, a break of this level will indicate that the uptrend has resumed, then next target would be at 115.00 area. Support is now at 105.19, only break below this level could signal completion of the uptrend, then the following downward movement could bring price back to 95.00 area.

usdjpy chart