USDJPY Weekly Analysis – August 21, 2016

USDJPY is facing 98.97 support, a breakdown below this level will signal resumption of the downtrend from 123.75 (Nov 18, 2015 high), then next target would be at 95.00 area. Key resistance is at 107.48, only break above this level could signal completion of the downtrend.

usdjpy chart