USDJPY Weekly Analysis – December 18, 2016

USDJPY continued its upward movement from 101.18 and the rise extended to as high as 118.66. Support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 123.00 area. Only break below 114.73 support could signal completion of the uptrend.

usdjpy chart