USDJPY Daily Analysis – March 13, 2014

USDJPY broke below 102.60 support, suggesting that the uptrend from 101.20 had completed at 103.76 already. Deeper decline could be expected, and next target would be at 101.80 area. Resistance is now at 103.76, only break above this level could trigger another rise to 105.00 area.

usdjpy chart