USDJPY Daily Analysis – May 28, 2014

USDJPY’s upward movement from 100.83 extended to as high as 102.13. Support is now at 101.70, as long as this level holds, the uptrend could be expected to continue, and next target would be at 102.80 area. Only break below 101.70 support could signal completion of the uptrend.

usdjpy chart