USDJPY Daily Analysis – June 25, 2014

USDJPY moved sideways in a range between 101.60 and 102.35. The sideways movement is likely consolidation of the downtrend from 102.79, one more fall to 101.00 area is still possible after consolidation. Resistance is at 102.35, only break above this level will confirm that the downtrend had completed at 101.60 already, then another rise towards 103.50 could be seen.

usdjpy chart