USDJPY Daily Analysis – March 9, 2017

USDJPY is facing 114.95 resistance again. A break of this level will indicate that the pair is in uptrend from 111.68, then the following upward movement could bring price to 117.50 zone. Near term support is at 113.50, a breakdown below this level will confirm that the pair failed to test the 114.95 resistance, then another fall towards 111.59 support could be seen.

USDJPY chart