USDJPY Daily Analysis – October 25, 2016

USDJPY is facing 104.63 resistance, a break of this level will indicate that the uptrend from 100.08 has resumed, then further rise to 106.00 area could be seen. On the other side, as long as 104.63 resistance holds, the sideways movement in a range between 102.81 and 104.63 could be expected to continue.

usdjpy chart