USDJPY Weekly Analysis – March 8, 2015

USDJPY is facing 121.84 resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then next target would be at 130.00 area. On the other side, as long as 121.84 resistance holds, the sideways movement in a range between 115.56 and 121.84 could be expected to continue.

usdjpy chart