USDJPY Daily Analysis – December 27, 2013

USDJPY continues its upward movement from 96.94 (Oct 25 low), and the rise extended to as high as 105.02. Key support is at the upward trend line on 4-hour chart, as long as the trend line support holds, further rise could be expected, and next target would be at 106.00 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdjpy chart