USD JPY weekly : strong yen heading towards 106

usd jpy forex technical analysis for 21 to 25 march 2016

usd jpy forex technical analysis for 21 to 25 march 2016

Yen dollar forex pair this week closed with loss. After last 2 weeks flat negative closing and consolidation. Yen finally given breakout above 112.5 level. For usd jpy pair on downside 105.6 is major long term support and target zone for this breakdown.   Strong yen likely to continue its recovery rally as us dollar is soft. On upside 112.5 and 113.75 are strong resistances as well as stop loss levels for traders.

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