USD JPY weekly predictions for 4 to 8 jan 2016

USD JPY weekly predictions for 4 to 8 jan 2016
dollar yen pair this week closed at 120.14 with loss.
USD JPY weekly chart trend
is down but momentum are bearish.
For medium term , usd jpy support zones are 118.95 and 116.55 levels.
On upside expect strong resistance at 121.5 and 123.75 levels.
For next week , yen might resume its primary downtrend
as this week bar pattern suggesting same.
 
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Pramod Baviskar

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