USDJPY Daily Analysis – May 21, 2014

USDJPY remains in downtrend from 102.36, the rise from 101.10 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 100.00 area. Resistance is at 101.65, only break above this level will indicate that the downtrend had completed at 101.10 already, then the following upward movement could bring price to 102.50 area.

usdjpy chart