USDJPY Weekly Analysis – July 10, 2016

USDJPY remains in downtrend from 123.75, the rise from 98.97 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 95.00 area.

usdjpy chart