USDJPY Daily Analysis – October 21, 2014

USDJPY is now in uptrend from 105.32, the fall from 107.39 is likely consolidation of the uptrend. Near term support is at 106.10, as long as this level holds, the uptrend could be expected to continue, and next target would be at 109.00 area. Only break below 106.10 support could trigger another fall to 104.00 zone.

usdjpy chart