USDJPY Weekly Analysis – February 19, 2017

USDJPY remains in downtrend from 118.66, the rise from 111.58 is likely consolidation of the downtrend. Resistance is at 115.65. As long as this level holds, the downtrend could be expected to continue and next target would be at 110.00 area. Only break above 115.65 resistance could trigger another rise towards 120.00.

usdjpy chart