USD/JPY Forex Technical Analysis – Weekly Chart Strengthens Over 107.886, Weakens Under 107.835.

USD/JPY Forex Technical Analysis – Weekly Chart Strengthens Over 107.886, Weakens Under 107.835.Based on last week’s price action and the close at 108.191, the direction of the USD/JPY this week is likely to be determined by trader reaction to a support cluster at 107.886 and 107.835. The difference between a potential resumption of the uptrend and an acceleration to the downside is only slightly more than 0.051.

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