USDJPY Weekly Analysis – December 13, 2015

USDJPY broke below 122.00 support, indicating that the short term uptrend from 118.16 had completed at 123.75 already. Deeper decline is still possible in a couple of weeks, and the target would be at 118.00 area. Resistance is at 123.75, only break above this level could trigger another rise towards 130.00.

usdjpy chart