USD/JPY Weekly Analysis – January 21, 2018
USD/JPY broke below 110.84 support, suggesting that the downside movement from 114.73 has resumed. Further decline would likely be seen in a couple of weeks and next target would be at 109.50, followed by 107.31.
Resistance is at 112.20, only a break above this level will indicate that the downside movement is complete, then with another rise to test 115.50 resistance could be seen.