USDJPY Daily Analysis – February 21, 2014

USDJPY remains in uptrend from 100.75, the price action from 102.70 is likely consolidation of the uptrend. Support is at 101.35, as long as this level holds, the uptrend could be expected to resume, and next target would be at 104.00 area. Only a breakdown below 101.35 support could trigger another fall towards 95.00.

usdjpy chart