USDJPY Daily Analysis – March 12, 2015

USDJPY remains in uptrend from 118.23, the fall from 122.02 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to resume, and next target would be at 125.00 area.

usdjpy chart