USD JPY weekly-heading towards 105.8

USD JPY Weekly chart 9 april 2016 Usd jpy pair this week tumbled by 3% and closed at 108.64.   Weekly chart price trend is bullish but momentum is weak on continues profit booking.   On downside, 105.8 is major long term support and yen heading towards it to test it. This week we saw breakdown below 112.7 on strong price action as well as volume.   In upcoming week, expect usd jpy target at 105.8.   For forex tips by sms with support and follow ups visit subscription page.

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Pramod Baviskar

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