USDJPY Weekly Analysis – November 30, 2014

USDJPY remains n uptrend from 101.06, the fall from 118.97 is likely consolidation of the uptrend. Support is at 115.45, as long as this level holds, the uptrend could be expected to continue, and next target would be at 125.00 area. On the other side, a break below 115.45 support will indicate that consolidation of the uptrend is underway, then deeper decline to 114.00 area could be seen.

usdjpy chart