USDJPY Weekly Analysis – February 28, 2016

USDJPY is in consolidation of the downtrend from 123.75. Range trading between 110.97 and 116.00 is possible in a couple of weeks. Resistance is at 116.00, 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 116.00 resistance could signal completion of the downtrend.

usdjpy chart