USDJPY Daily Analysis – July 25, 2014

USDJPY broke above 101.78 resistance, indicating that the downtrend from 102.79 (Jun 4 high) had completed at 101.06 already. Further rally could be expected, and next target would be at 102.50 area. Support is at 101.40, only break below this level could trigger another fall to test 100.75 key support.

usdjpy chart