Weekly usd jpy forex technicals for 21 to 25 November 2016
Usd jpy pair this week closed with almost 4% gains. Yen once again resumed downtrend against US dollar and trading at record lows. Pair price trend and momentum is strong bullish and here traders keep buy on dips strategy.
On upside 112 and 115 are resistances as well as target zones for medium terms. On downside 109 and 107 are support zones as well as fresh buying levels. Usd jpy forex monthly chart suggesting major reversal for fresh high above 127.