USDJPY Daily Analysis – April 21, 2014

USDJPY continued its upward movement from 101.32, and the rise extended to as high as 102.70. Support is now located at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 103.00 area. Only a clear break below the channel support could signal completion of the uptrend.

usdjpy chart