USDJPY Daily Analysis – March 10, 2015

USDJPY is facing 121.84 (Dec 8, 2014 high) 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 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