USDJPY Daily Analysis – August 13, 2014

USDJPY is facing 102.45 resistance, a break of this level will indicate that the downward movement from 103.08 had completed at 101.50 already, then further rise to 103.00 area could be seen. On the downside, as long as 102.45 resistance holds, the rise from 101.50 would possibly be correction of the downtrend, one more fall to test 100.75 key support is possible.

usdjpy chart