USDJPY Daily Analysis – December 8, 2014

USDJPY’s upward movement from 117.23 extended to as high as 121.84. Support is located at the rising trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 125.00 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdjpy chart