USDJPY Weekly Analysis – April 15, 2018

USDJPY is testing 107.90 resistance. Above this level would indicate that the downside movement from 114.73 had completed at 104.63 already, then further rally to 110.00 area could be seen. However, 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 would take price to 102.00 area.