USDJPY Weekly Analysis – February 14, 2016

USDJPY broke below 115.97 support, indicating that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 125.85 (Jun 5, 2015 high) already. Further decline could be seen over the next several weeks, and next target would be at 105.00 area. Resistance is at 115.00, as long as this level holds, the downtrend from 123.75 will continue.

usdjpy chart