USDJPY Weekly Analysis - September 18, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 18 September 2016 07:53 UTC
USDJPY stayed in a trading range between 98.97 and 107.48 for several months. As long as 107.48 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 123.75 (Nov 18, 2015 high), and another fall towards 90.00 is possible after consolidation.

usdjpy chart

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