USDJPY Weekly Analysis - May 1, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 May 2016 08:19 UTC
After consolidation, USDJPY continued tis downward movement from 123.75, and the fall extended to as low as 106.27. Near term resistance is at the downward trend line on daily chart, and the key resistance is at 111.88, only break above this level could signal completion of the downtrend.

usdjpy chart

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