USDJPY Daily Analysis – December 30, 2014

USDJPY remains in uptrend from 155.56. Further rise to test 131.84 resistance would likely be seen, a break of this level will signal resumption of the longer term uptrend from 105.19 (Oct 15 low), then the following upward movement could bring price to 125.00 area. Support is at 119.80, only break below this level could bring price back to 116.50 area.

usdjpy chart