USDJPY Daily Analysis – August 1, 2014

USDJPY remains in uptrend from 101.06, the fall from 103.08 is likely consolidation of the uptrend. Support is at 102.45, as long as this level holds, the uptrend could be expected to resume, and next target would be at 103.80 area. Only break below 102.45 support could signal completion of the uptrend.

usdjpy chart