USDJPY Weekly Analysis – February 21, 2016

USDJPY remains in downtrend from 123.75, the rise from 110.97 could be treated as consolidation of the downtrend. Resistance is at 115.00, as long as this level holds, the downtrend could be expected to continue, and next target would be at 105.00 area. Only break above 115.00 resistance could signal completion of the downtrend.

usdjpy chart