USDJPY stays down below the downward trend line on four-hour chart and continues to be in downtrend from 118.66 (Dec 15, 2016 significant). As long as the trend line resistance retains, the downtrend could be envisioned to continue and following target would be at a hundred and ten.00 place. The crucial resistance is at 113.ninety five, only crack over this amount will indicate that lengthier consolidation of the downtrend is underway, then further more rise to a hundred and fifteen.00 place could be found.

usdjpy chart

For more short term foreign exchange analysis and info go to by means of USDJPY Everyday Evaluation – February 9, 2017 . Thanks for your help.

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