USDJPY Daily Analysis – June 2, 2014

USDJPY is facing 102.13 resistance, a break above this level will signal resumption of the uptrend from 100.83, then next target would be at 103.00 area. However, as long as 102.13 resistance holds, range trading between 101.25 and 102.13 could be expected to continue, one more fall to 101.25 area is still possible.

usdjpy chart