USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the price action in the trading range between 95.82 and 99.94 is treated as consolidation of the uptrend. Support is now at 95.82, as long as this level holds, the uptrend could be expected to resume, and another rise towards 105.00 is still possible. Resistance is at 99.94, a break above this level could signal resumption of the uptrend.
For long term analysis, USDJPY is in uptrend from 77.14. Further rise towards 105.00 is possible over the next several weeks.
