USDJPY Weekly Analysis – December 1, 2013

USDJPY breaks above 101.53 resistance, suggesting that the uptrend from 75.57 (Oct 31, 2011 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 105.00 area. Support is at 100.00, only break below this level could indicate that lengthier consolidation of the uptrend from 75.57 is underway, then pullback to 95.00 area could be seen.

usdjpy daily chart