USDJPY Weekly Analysis - July 3, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 July 2016 15:18 UTC
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75. As long as the trend line resistance holds, the rise from 98.97 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 95.00 area.

usdjpy chart

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