USDJPY Weekly Analysis – November 15, 2015

USDJPY’s upward movement from 116.13 extended to as high as 123.60. Further rise to test 125.85 resistance is possible, a break of this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011 low) has resumed, then the following upward movement could bring price to 135.00 area.

usdjpy chart