USDJPY Weekly Analysis – May 24, 2015

USDJPY is facing 122.02 resistance, a break of this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011) has resumed, then the following upward movement could bring price to 130.00 area. Key support is at 115.56, only break below this level could signal completion of the uptrend.

usdjpy chart