USDJPY Daily Analysis – December 30, 2013

USDJPY’s upward movement from 96.94 (Oct 25 low) extended to as high as 105.41. Further rise could be expected after a minor consolidation and next target would be at 106.00 area. Initial support is at 104.60, and the key support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

usdjpy chart