USDJPY Analysis – November 24, 2013

USDJPY is facing 101.53 resistance, a break above this level could signal resumption of the uptrend from 75.57 (Oct 31, 2011 low), then the target would be at 110.00 area. Key support is at 93.79, only break below this level could indicate that the uptrend from 75.57 had completed at 103.73 already, then the following downward movement could bring price back to 80.00 zone.

usdjpy daily chart