USDJPY Daily Analysis – March 3, 2017

USDJPY is facing 114.95 resistance, a break of this level will signal completion of the downtrend from 118.66 (Dec 15, 2016 high), then the following upward movement could bring price to 117.50 area. Support is at 113.45, only break below this level could bring price back to test 111.59 support.

usdjpy chart