Updated the:

02/02/2011

USD/JPY Technical Analysis comments :

Sentiment:

sentiment

The pair USD/JPY continued its bearish movement into its bearish channel and is currently testing the lower band. The breakout of 81.79 (level 23.60%) gave us a new sell signal. The support at 81.37 has been reached. We maintain to trade only short positions as far as 81.79 is resistance. The breakout of 81.37 will give a new sell signal. The next support is at 80.95 (level 0%). However, if 81.79 is broken, we will be neutral between this level and 82.

USD/JPY

USD/JPY