TECHNICAL ANALYSIS BY NSFX 27.12.2013
Since October the pair has trended upwards in the channel marked on the chart. Support may be found towards the 98 figure with further support in the 97.46 region. Resistance toward 98.83 a level of resistance from April and May of this year. A close above 98.83 could see the JPY weaken further to the levels seen in May.