USDJPY Weekly Analysis – November 13, 2016

USDJPY is facing 107.48 resistance, a break of this level will indicate that the long term downtrend from 125.85 (Jun 5, 2015 high) had completed at 98.97 already, then further rise to 115.00 area could be seen. On the downside, as long as 107.48 resistance holds, the price action from 98.97 could be treated as consolidation of the downtrend, and another fall to 90.00 area is still possible.

usdjpy chart