USDJPY Daily Analysis – June 27, 2014

USDJPY broke below 101.60 support and continued its downward movement from 102.79, and the fall extended to as low as 101.31. Further decline is still possible, and next target would be at 100.00 area. Resistance is now at 101.90, only break above this level will signal completion of the downtrend, then another rise towards 103.50 could be seen.

usdjpy chart