USDJPY Daily Analysis – August 20, 2014

USDJPY continued its upward movement from 101.50, and is now facing 103.08 resistance, a break above this level will target 104.00 area. Support is now at 102.50, only break below this level will indicate that the uptrend is complete, then the following downward movement could bring price back to 101.00 zone.

usdjpy chart