USDJPY Analysis – August 10, 2013

USDJPY stays in a trading range between 93.79 and 103.73. Key support is at 93.79, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend 75.57 (Oct 31, 2011 low), another rise towards 110.00 could be expected after consolidation.

usdjpy daily chart