USDJPY Daily Analysis - September 9, 2016

Short Term Forex Analysis | by ForexCycle.com | Friday, 09 September 2016 03:03 UTC
USDJPY is in downtrend from 104.31. The rise from 101.20 is likely consolidation of the downtrend. Further decline is possible after consolidation, and next target would be at 100.00 area. Key support is at 99.52, a breakdown below this level will indicate that the long term downtrend from 125.85 (Jun 5, 2015 high) has resumed, then the following downward movement could bring price to 95.00 zone.

usdjpy chart

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