USDJPY Weekly Analysis - August 23, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 23 August 2015 07:02 UTC
USDJPY failed to break above 125.85 resistance, indicating that lengthier consolidation for the uptrend from 115.56 is needed. Range trading between 120.41 and 125.85 would likely be seen over the next several weeks. Support is at 120.41, as long as this level holds, the uptrend could be expected to resume, and another rise towards 130.00 is possible after consolidation.

usdjpy chart

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