USDJPY Weekly Analysis - April 12, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 12 April 2015 06:11 UTC
USDJPY is forming a sideways consolidation in a range between 115.56 and 122.02. Support is at 115.56, as long as this level holds, the uptrend from 101.06 (Jul 10, 2014 low) could be expected to resume, and next target would be at 130.00 area. Resistance is at 122.02, a break of this level could signal resumption of the uptrend.

usdjpy chart

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