USDJPY Weekly Analysis – July 2, 2017

USDJPY is now in uptrend from 108.81. Further rise to retest 115.50 key resistance is possible in the coming days. A break of this level will signal resumption of the long term uptrend from 98.87 (Jun 24, 2016 low), then the following bullish movement could bring price into 130.00 zone. Near term support is at 110.80, only break below this level could trigger another fall to test 108.13 support.

USDJPY dailly chart