USDJPY Weekly Analysis – April 2, 2017

USDJPY remains in downtrend from 115.50, the rise from 110.11 is likely consolidation of the downtrend. Resistance is at 113.00, as long as the pair is below this level, the downtrend could be expected to continue, and next target would be at 108.00 area. Only break above 113.00 resistance will indicate that the downtrend had completed at 110.11 already, then the following upward movement could bring price to 118.00 zone.

USDJPY chart