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USDJPY Weekly Technical Outlook 8-12 February, 2016 | February 6, 2016



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Usdjpy has reached near to its weekly support as we can see on the above chart. 116 level can be good support for this pair. This pair has enough strength to break this support level. If this pair can break this support, then it will get free space for falling towards 110 level.


On the chart, we can see weekly candle which is a big bearish candle indicating bearish power on this pair. Technically this pair has huge chance to fall. So we can stay on sell mode on this pair


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