USDJPY Daily Analysis – March 19, 2014

USDJPY is facing 101.20 support again, a breakdown below this level will signal resumption of the downtrend from 103.76, then the following downward movement could bring price to 98.00 zone. Resistance is at 101.95, only break above this level will indicate that lengthier consolidation of the downtrend is underway, then further rise to 102.50 area could be seen.

usdjpy chart