USDJPY Daily Analysis – October 4, 2016

USDJPY broke above the downward trend line on 4-hour chart, indicating that the downtrend from 104.31 had completed at 100.08 already. Further rally could be expected, and next target would be at 104.00 zone. Support levels are at 100.65 and 100.08, only break below these levels could trigger another all to test 99.52 (Aug 16 low) support.

usdjpy chart