USDJPY Daily Analysis – December 9, 2014

USDJPY remains in uptrend from 117.23, the fall from 121.84 is likely consolidation of the uptrend. 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, then deeper decline to 119.00 area could be seen.

usdjpy chart