USDJPY Daily Analysis – March 27, 2014

USDJPY broke below 102.01 support, suggesting that the uptrend from 101.20 had completed at 102.68 already. Deeper decline to test 101.20 support could be expected, a breakdown below this level will signal resumption of the longer term downtrend from 103.76, then next target would be at 98.00 area.

usdjpy chart