USDJPY Daily Analysis – March 26, 2014

USDJPY continued its sideways movement in a narrow range between 102.01 and 102.68. Support is at 102.01, a breakdown below this level will indicate that the upward movement from 101.20 had completed at 102.68 already, then the following downward move could bring price to 98.00 zone. On the upside, a break above 102.68 resistance will signal resumption of the uptrend from 101.20, then further rise to test 103.76 resistance could be seen.

usdjpy chart