USDJPY Weekly Analysis – December 28, 2014

USDJPY is facing 121.84 resistance, a break of this level will signal resumption of the uptrend from 101.06, then next target would be at 130.00 area. Key support is at 115.56, only break below this level will indicate that the uptrend is complete, then deeper decline to 110.00 area could be seen.

usdjpy chart