USDJPY is facing the 115.62 resistance. A break of this level will indicate that the downtrend from 118.66 had completed at 111.58 already, then the following upward movement could bring price to 120.00 zone. On the other side, as long as 115.62 resistance holds, the rise from 111.58 would possibly be consolidation of the downtrend from 118.66, and further decline to 111.00 area is still possible after the consolidation.
