USDJPY Daily Analysis – April 29, 2014

USDJPY is facing 102.72 resistance, a break above this level will indicate that the uptrend from 101.32 has resumed, then the following upward movement could bring price to 104.50 area. On the downside, as long as 102.72 resistance holds, another fall to re-test 101.20 support is still possible.

usdjpy chart