USDJPY Daily Analysis – September 23, 2014

USDJPY is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend from 101.50 could be expected continue, and next target would be at 1.1100 area. On the downside, a clear break below the trend line support will indicate that the uptrend had completed at 109.45 already, then deeper decline to 106.50 area could be seen.

usdjpy chart