USDJPY Daily Analysis – April 22, 2014

USDJPY stays in a upward price channel on 4-hour chart, and remains in uptrend from 101.32. Support is located at the lower line of the channel, 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