USDJPY Daily Analysis – October 27, 2014

USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 105.32. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 109.50 area. On the downside, a clear break below the trend line support will signal completion of the uptrend, then pullback to 106.50 area could be seen.

usdjpy chart