USDJPY Daily Analysis – June 19, 2014

USDJPY remains in downtrend from 102.79, the rise from 101.60 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and a breakdown below 101.60 will signal resumption of the downtrend. Resistance is at 102.35, only break above this level could trigger another rise towards 103.50.

usdjpy chart