One of the two pairs I will look to trading this week is USJPY. Here is my technical analysis of it.
The the trend has been up for a while but it seems the momentum has slowed down. Recent price action has rejected a descending trendline on the weekly time frame (saddle brown colour) and the 78.6% Fib level. Therefore, it is important to watch how price reacts to this area.
[B]I may be wrong. [/B] Trade safe and proper.