USDJPY Weekly Analysis – May 20, 2017

USDJPY is now in uptrend from 108.13, the fall from 114.36 is treated as correction of the uptrend. Another rise could be expected after the correction and next target would be at 117.50 area. Support levels are at 109.60 and 108.13, only break below these levels could trigger another fall towards 105.00.

USDJPY chart