USDJPY Daily Analysis – February 19, 2014

USDJPY broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 105.44 had completed at 100.75 already. The pair is now in uptrend from 100.75, further rise could be expected, and next target would be at 104.00 area. Support is at 101.35, only break below this level could trigger another fall towards 95.00.

usdjpy chart