USDJPY Weekly Analysis - June 12, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 12 June 2016 14:17 UTC
USDJPY stayed in the trading range between 105.54 and 111.88. As long as 111.88 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 123.75, and further decline to 100.00 area could be expected after consolidation. Only break above 111.88 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.