USDJPY Weekly Analysis – November 20, 2016

USDJPY broke above 107.48 resistance, indicating that the downtrend from 125.85 (Jun 5, 2015 high) had completed at 98.97 already. Further rise is still possible after a minor consolidation, and next target would be at 115.00 area. Support is at 107.50, only break below this level could signal completion of the uptrend.

usdjpy chart