USDJPY Weekly Analysis - July 5, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 July 2015 08:06 UTC
USDJPY is in long term uptrend from 75.57 (Oct 31, 2011), the fall from 125.85 could be treated as consolidation of the uptrend. Range trading between 120.00 and 125.85 would likely be seen over the next several weeks. Support is at 120.00, as long as this level holds, the uptrend could be expected to resume, and one more rise to 130.00 area is still possible after consolidation.

usdjpy chart

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