USDJPY Daily Analysis – August 18, 2014

USDJPY broke below 102.20 support, indicating that the upward movement from 101.50 had completed at 102.71 already. Further decline would likely be seen in a couple of days, and next target would be at 101.00 area. Resistance is at 102.71, only break above this level could trigger another rise towards 104.00.

usdjpy chart