USDJPY Analysis – August 31, 2013

USDJPY broke above the upper line of the price channel on daily chart, and is now in uptrend from 95.81. Further rise would likely be seen next week, and next target would be at 101.00 area. Support is at 95.81, only break below this level could trigger another fall to test 93.79 key support.

usdjpy daily chart