USDJPY Daily Analysis – March 10, 2017

USDJPY broke above 114.95 resistance, indicating that the downward movement from 118.66 (Dec 15, 2016 high) had completed at 111.59 already. The pair is now in uptrend from 111.68, further rise could be expected over the next several days, and next target would be at 117.50 area. Support is at 113.50, only break below this level could trigger another fall to test 111.59 support.

USDJPY chart