USD/JPY  The pair is currently pushing higher to test the 1.4140 level. This is a significant level and could give us early indications of where we are going over the longer time frames.

If the resistance level at 1.4140 is broken the next resistance is a former spike high at 1.4175.  If the break is real, a target for the breakout is 1.4250.  There is also some resistance expected at 1.4200-1.4210.

Failure at the 1.4140 level will find minor support at 1.4100, 1.4060, 1.4000 and strong support at 1.3980.

Forex Analysis by Dr. Sivaraman at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros.com