USDJPY continues its upward movement from 77.14, and the rise extends to as high as 91.19. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 92.50 area. On the downside, a clear break below the trend line support will indicate that a cycle top has been formed on daily chart, then consolidation of of the uptrend could be seen.
For long term analysis, USDJPY had formed a cycle bottom at 77.14 on weekly chart. Further rise to 95.00 area is possible over the next several weeks.
