USDJPY Daily Analysis – April 8, 2015

USDJPY broke above 120.36 resistance, indicating that the downward movement from 122.02 had completed at 118.33 already. Further rise could be expected, and next target would be at 121.50 area. Support is at 119.50, only break below this level could trigger another fall to 116.50 area.

usdjpy chart