USDJPY Analysis – April 10, 2010

USDJPY remains in uptrend from 88.14 and the fall from 94.68 is more likely consolidation of uptrend. Range trading between 92.00 and 94.68 could be seen in a couple of weeks and another rise towards 100.00 is expected after consolidation.

For long term analysis, USDJPY is in bullish movement from 84.82, further rise towards 100.00 could be seen in next several weeks.

usdjpy daily chart