USDJPY Weekly Analysis - July 26, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 26 July 2015 06:12 UTC
USDJPY stays in the upward price channel on daily chart, and remains in the long term uptrend from 75.57 (Oct 31, 2011), and the fall from 125.85 could be treated as consolidation of the uptrend. Further rise to test 125.85 resistance would likely be seen next week, a break of this level will signal resumption of the uptrend, then next target would be at 130.00 area.

usdjpy chart

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