USDJPY Weekly Analysis - March 15, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 March 2015 08:10 UTC
USDJPY broke above 121.84 resistance, indicating that the uptrend from 101.06 (Jul 10, 2014 low) has resumed. Further rise could be expected, and next target would be at 130.00 area. Support is at 119.00, only break below this level will indicate that lengthier consolidation for the uptrend is needed, then deeper decline to 115.50 area could be seen.

usdjpy chart

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