USD/JPY Weekly Analysis – Sunday, Dec. 30

USD/JPY extended its downside movement from 114.54 to as low as 110.14.

A further decline is still possible and the next target would be at the 108.00 area.

Near term resistance is at 111.50, above this level could bring the price back to 112.50 area.

USDJPY daily chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.