USDJPY Weekly Analysis - February 7, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 07 February 2016 05:48 UTC
USDJPY is facing 115.97 support, a breakdown below this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 125.85 (Jun 5, 2015 high) already, then next target would be at 100.00 area. On the upside, as long as 115.97 support holds, the price action from 125.85 would possibly be consolidation of the uptrend from 75.57, one more rise to 130.00 area to complete the long term uptrend is possible.

usdjpy chart

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