USDJPY Daily Analysis – February 12, 2015

USDJPY is facing 120.82 resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then next target would be at 125.00 area. Support is at 118.20, only break below this level could bring price back to test 115.85 support.

usdjpy chart