USDJPY Daily Analysis – March 3, 2014

USDJPY broke below 101.38 support, indicating that the uptrend from 100.75 had completed. Deeper decline to test 100.75 previous low support could be seen, a breakdown below this level will signal resumption of the longer term downtrend from 105.44 (Jan 2 high), then next target would be at 98.00 area.

usdjpy chart