Support is at 1.4220, 1.4200, 1.4175, 1.4120 and 1.4100.

Support is likely to be seen by the 1.4165 level, with 1.4120 and 1.4100 likely to provide support beyond.

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USD/JPY

The pair did make a move higher yesterday above a prior swing high, and just fell short of the 95.40.

95.40-95.50 is a major resistance area. A break above indicates a swing higher. 96.00 and 96.40 are the targets (not necessarily today).

Support is at 94.90, 94.60 and 94.30. A sustained break back below of 94.60 would indicate short-term weakness

Analysis by: http://www.Forexpros.com - Written by Cory Mitchell

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