USDJPY continues its upward movement from 77.14, and the rise extends to as high as 80.67. Support is now at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 82.00 area.
For long term analysis, USDJPY remains in downtrend from 84.17. Further decline towards 75.75 (Oct 31, 2011 low) previous low could be expected over the next several weeks.
