USDJPY Weekly Analysis – August 2, 2015

USDJPY remains in uptrend from 115.56, the fall from 125.85 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 130.00 area. Only a clear break below the channel support could signal completion of the uptrend.

usdjpy chart