USDJPY Daily Analysis – July 4, 2014

USDJPY’s upward movement from 101.23 extended to as high as 102.26. Further rise is still possible, and next target would be at 102.70 area. Support is at 101.90, only break below this level will indicate that correction of the uptrend is underway, then pullback to 101.50 area could be seen.

usdjpy chart