USDJPY Daily Analysis – January 7, 2015

USDJPY remains in uptrend from 115.56, the fall from 120.82 is likely consolidation of the uptrend. Another rise to test 120.82 could be expected after consolidation, a break of this level will signal resumption of the uptrend, then next target would be at 125.00 area. Support is at 118.00, only break below this level could trigger another fall to 115.00 area.

usdjpy chart