FX.co ★ Technical analysis of USD/JPY for March 26, 2014

The USD/JPY moved sideways in a narrow range between 102.01 and 102.50. Resistance is at 102.50, a break above this level will trigger another rise to test the 103.76 resistance. Support is at 102.01, a break down below this level will signal completion of the uptrend from 101.20, then the following downward movement could bring the price to the 100 and 98.00 zone.