USDJPY Weekly Analysis – February 26, 2017

USDJPY remains in downtrend from 118.66. As long as the pair stays below 115.62 resistance, the downtrend could be expected to continue, and next target would be at 110.00 area. On the upside, a break of 115.62 resistance will indicate that he downtrend had completed at 111.58 already, then the following upward movement could bring price to 120.00 area.

usdjpy chart