USDJPY Daily Analysis – October 24, 2014

USDJPY’s upward movement from 105.32 extended to as high as 108.35. Support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 109.00 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdjpy chart