USDJPY Daily Analysis – April 10, 2014

USDJPY remains in downtrend from 104.12, the rise from 101.55 is likely consolidation of the downtrend. Resistance levels are at 102.15 and 102.55, as long as these levels hold, the downtrend could be expected to resume, and next target would be at 100.50 area. Only break above 102.55 resistance could trigger another rise to 105.00 zone.

usdjpy chart