Weekly Technical Analysis of THE JAPANESE DOLLAR USDJPY

Dollar pair against the Japanese yen on the daily chart - the pair broke the upside channel on Friday and closed weekly, monthly and daily and is now trading below the broken support and as we can see in the above picture that the price started today with an ideal test with a candle tail today and bounced down, which confirms the continuation of the price decline during this week, especially with roses Weak Chinese economic data that will give strength to safe havens like the Japanese yen

The purchase will be from the 106.60 support referred to above. The cross rectangle and the sale is currently prevailing. Any correction below the broken trend is another opportunity to sell until the next support.

General condition of the husband: sale