USDJPY Daily Analysis – October 19, 2016

USDJPY is forming a sideways consolidation in a rang between 102.81 and 104.63. As long as 102.81 support holds, the uptrend from 100.08 could be expected to resume, and further rise to 106.00 area is possible. On the downside, a breakdown below 102.81 support will indicate that the uptrend had completed at 104.63 already, then the downward movement could bring price back to 100.00 zone.

usdjpy chart