USDJPY Weekly Analysis - June 19, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 19 June 2016 14:42 UTC
After consolidation, USDJPY broke below 105.54 previous low support, and continued its downward movement from 123.75. Further decline could be expected over the next several weeks, and next target would be at 100.00 area. Key resistance is at 111.88, only break above this level 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.