USDJPY Daily Analysis – January 8, 2014

USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25, 2013 low). As long as the channel support holds, the uptrend could be expected to resume, and one more rise towards 110.00 is still possible. Only a clear break below the channel support could signal completion of the uptrend.

usdjpy chart