USDJPY Daily Analysis – May 26, 2014

USDJPY broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 103.02 had completed at 100.83 already. Further rise could be expected, and next target would be at 102.80 area. Support is at 101.55, only break below this level will indicate that the upward movement from 100.83 is complete.

usdjpy chart