USDJPY Weekly Analysis – March 31, 2019

USDJPY stays in a bearish price channel on the daily chart and remains in the downtrend from 112.13. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 108.00 area. On the upside, a breakout of the channel resistance could bring the price back to test 112.13 resistance, above here would aim 114.00 area.

USDJPY daily chart