USDJPY Daily Analysis – June 4, 2014

USDJPY’s upward movement from 100.83 extended to as high as 102.74. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 103.00 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdjpy chart