USDJPY Analysis – October 6, 2013

USDJPY continues its sideways movement in a range between 93.79 and 103.73. As long as 93.79 key support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31, 2011 low), one more rise to 110.00 area to complete the upward move would likely be seen after consolidation.

usdjpy daily chart