USDJPY Weekly Analysis – December 14, 2014

USDJPY remains in uptrend from 101.06, the fall from 121.84 is likely consolidation of the uptrend. Near term support is at the lower line of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to resume, and next target would be at 130.00 area. Only a clear break below the channel support could signal completion of the uptrend.

usdjpy chart