USDJPY Weekly Analysis - March 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 March 2016 07:56 UTC
USDJPY moved sideways in a trading range between 110.97 and 114.87. The price action in the range is likely consolidation of the downtrend from 123.75. Resistance is at 116.00, as long as this level holds, the downtrend could be expected to continue, and next target would be at 105.00 area. Only break above 116.00 resistance could signal completion of the downtrend.

usdjpy chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.