USDJPY Daily Analysis – September 4, 2014

USDJPY remains in uptrend from 101.50, the fall from 105.30 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to resume, and next target would be at 106.00 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdjpy chart