USDJPY Weekly Analysis – July 19, 2015

USDJPY failed to break below the bottom of the upward price channel on daily chart, indicating that the pair remains in long term uptrend from 75.57 (Oct 31, 2011), and the fall from 125.85 could be treated as consolidation of the uptrend. Another rise towards 130.00 could be expected after consolidation, and a break of 125.85 resistance could signal resumption of the uptrend.

usdjpy chart