USD/JPY – WEEKLY TECHNICAL ANALYSIS

USD/JPY remains in uptrend from 118.88, the fall from 125.85 is likely consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 130.00 area. Support is at 121.50, only break below this level could bring price back to 118.00 zone.

USD_JPY US Dollar _ Japanese Yen

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk