USDJPY Daily Analysis – March 6, 2014

USDJPY is facing 102.82 resistance, a break above this level will confirm that the uptrend from 100.75 has resumed, then next target would be at 104.00 area. Support is at 102.00, only break below this level will indicate that lengthier consolidation in the trading range between 101.20 and 102.82 is underway, then deeper decline to 101.45 area could be seen.

usdjpy chart