USDJPY Daily Analysis – January 4, 2017

USDJPY is facing 118.66 resistance, a break of this level will indicate that the uptrend from 101.18 (Nov 09, 2016 low) has resumed, then next target would be at 120.00 area. Key support is at 114.73, only break below this level could signal completion of the uptrend.

usdjpy chart