USDJPY moved sideways in a range between 75.57 and 79.52 for several weeks. Lengthier consolidation in the range could be seen in a couple of weeks. Now the pair might be forming a cycle bottom at 76.60 on daily chart, another rise towards 79.52 resistance would likely be seen over the next several days.
For long term analysis, USDJPY had formed a cycle bottom at 75.57 on weekly chart. Further rally towards 85.00 would likely be seen over the next several weeks.
