USDJPY Weekly Analysis - March 22, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 22 March 2014 14:27 UTC
USDJPY remains in downtrend from 105.44, the rise from 100.75 is likely consolidation of the downtrend. Another fall to re-test 100.75 support could be expected next week, a breakdown below this level will signal resumption of the downtrend, then next target would be at 95.00 area. Resistance is at 103.80, only break above this level could trigger another rise towards 110.00.

usdjpy chart

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