USDJPY Weekly Analysis – March 29, 2015

USDJPY remains in uptrend from 101.06 (Jul 10, 2014 low), the sideways movement in the range between 115.56 and 122.02 could be treated as consolidation of the uptrend. Support is at 115.56, as long as this level holds, the uptrend could be expected to resume, and another rise towards 130.00 is still possible.

usdjpy chart