USDJPY Analysis - Weekly

USDJPY moved sideways in a trading range between 118.23 and 120.47. Support is at 118.23, a breakdown below this level will target 116.50 area. Resistance is at 120.47, above this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then the following upward movement could bring price to 125.00 area.