USD/JPY – Weekly Technical Analysis (15.09.2014-19.09.2014)
The break through the major 105.40 resistance last week was followed by an impulsive movement to 107.39. The picture is bullish above the aforementioned major resistance level.
This week we expect further gains for the USD/JPY. Our first target for the pair is 107.90, followed by 109.40.
A break of the 105.40 would turn the picture negative, but we give this scenario a very low probability.
