USDJPY Daily Analysis – March 6, 2015

USDJPY is facing 120.47 resistance again, a break of this level will signal resumption of the uptrend from 101.06 (Jul 10, 2014 low), then the following upward movement could bring price to 125.00 area. Support is at 119.30, below this level will indicate that the short term uptrend from 118.23 is complete, then anther fall to 116.50 area could be seen.

usdjpy chart