USDJPY Daily Analysis – March 9, 2015

USDJPY’s upward movement from 118.23 extended to as high as 121.28. Further rise to test 121.84 (Dec 8, 2014 high) resistance is possible. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could trigger another fall to 116.50 area.

usdjpy chart