USDJPY Daily Analysis – June 12, 2014

USDJPY broke below 102.11 support, indicating that the uptrend from 100.83 had completed at 102.79 already. Deeper decline would likely be seen, and next target would be at 101.30 area. Resistance is at 102.40, only break above this level could trigger another rise towards 103.50.

usdjpy chart