USDJPY Daily Analysis – July 18, 2014

USDJPY is facing 101.06 support, a breakdown below this level will signal resumption of the downtrend from 102.79 (Jun 4 high), then deeper decline to test 100.75 key support could be seen. Resistance is now at 101.78, only break above this level could trigger another rise to 103.00 area.

usdjpy chart