USDJPY Daily Analysis – June 17, 2014

USDJPY broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 102.79 had completed at 101.60 already. Further rise would likely be seen, and next target would be at 102.50 area. Support is at 101.60, only break below this level could trigger another fall to test 100.83 support.

usdjpy chart