USDJPY Daily Analysis – December 28, 2016

USDJPY moved sideways in a narrow range between 116.54 and 118.66. As long as 116.54 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.18, and further rise to 120.00 area is still possible. Key support is at 114.73, only break below this level could signal completion of the uptrend.

usdjpy chart