USDJPY Daily Analysis – January 23, 2014

USDJPY is facing 104.92 resistance, a break above this level will indicate that the uptrend from 96.57 (Oct 8, 2013 low) has resumed, then next target would be at 110.00 area. Key support is at 102.85, only break below this level could signal completion of the uptrend.

usdjpy chart