Updated the:

01/18/2011

USD/JPY Technical Analysis comments :

Sentiment:

sentiment

The pair USD/JPY confirmed its pullback on 83 and then took up its bearish movement. The return below 82.82 (level 38.20%) comforted our bearish feeling. Currently, the pair is moving towards the support at 82.33 (level 50%). We maintain to trade only short positions as far as 82.82 is resistance. The breakout of 82.33 will give a new sell signal. The next support is at 81.84 (level 61.80%).

USD/JPY

USD/JPY