USDJPY Daily Analysis – December 17, 2014

USDJPY broke below 117.23 support, indicating that the uptrend from 105.32 (Oct 15 low) had completed at 121.84 already. Further decline could be expected, and next target would be at 115.00 area. Resistance is at 119.60, only break above this level could trigger another rise towards 125.00.

usdjpy chart