USDJPY Daily Analysis – May 9, 2014

USDJPY is testing 101.32 support, a breakdown below this level will indicate that the downtrend from 104.12 has resumed, then the following downward movement could bring price to 96.00 area. Resistance is at 102.00, only break above this level will indicate that lengthier sideways movement in a range between 101.32 and 103.02 is underway.

usdjpy chart