USDJPY Weekly Analysis – August 16, 2015

USDJPY is facing 125.85 resistance, a break of this level will confirm that the uptrend from 115.56 has resumed, then next target would be at 130.00 area. Near term support is at 123.00, only break below this level will indicate that lengthier consolidation for the uptrend is needed, then pullback to the bottom of the price channel on daily chart could be seen.

usdjpy chart