USDJPY Weekly Analysis – April 22, 2018

USDJPY is facing 107.90 resistance, a break of this level would indicate that the downtrend from 114.73 had completed at 104.63 already, then next target would be at 110.00 area. On the downside, as long as 107.90 resistance holds, the bounce from 104.63 would possibly be consolidation for the downtrend, and a breakdown below 104.63 support could take price to 102.00 area.

USDJPY daily chart