USDJPY Daily Analysis – October 2, 2014

USDJPY is facing 108.24 support, a breakdown below this level will signal completion of the uptrend from 101.50, then deeper decline to 107.00 area could be seen. On the upside, as long as 108.24 support holds, the uptrend could be expected to resume, and next target would be at 112.00 area.

usdjpy chart