USDJPY Daily Analysis – March 16, 2015

USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 118.23. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 125.00 area. Key support is at 120.66, only break below this level could signal completion of the uptrend.

usdjpy chart