USDJPY has made significant progress last week. As you can see in the weekly chart below, the price has increased since the opening of the week and closed at the highest level this year.In addition, the course defeated the resistance confluence, where the horizontal level 111.10 coincides with the downward trend line running from the 2015 high. Breaking this area opens the way for further growth and may lead to buy opportunities.The nearest goal for the increases seems to be resistance at 114.40, which in 2017 proved to be the upper limit of consolidation. In turn, the opportunity to buy can be seen on the potential test of the broken resistance confluence, which should now provide support.Alternatively, the return of quotations under the mentioned support zone will again reveal the level 108.10, where the low from May this year is located.
