Updated the:
05/18/2012
USD/JPY Technical Analysis comments :

Sentiment :
sentiment
80.41
sentiment
80.09
sentiment
A strong bearish movement occured yesterday on the pair USD/JPY who got out of the range 80.09/80.41 from the bottom, giving us a sell signal.
All indicators are bearish.
Currently, the pair is testing the support at 79.26.
The pair is moving just above the upper band of its bearish channel (black lines) and seems to take support on a bearish slant (purple line).
We continue to advise short positions as far as 80.09 is resistance.
The breakout of 76.26 will give a new sell signal and open the way towards 78.50.
In case of return above 80.09, we will be neutral between this level and 80.41.
Complete sheet of the pair USD/JPY - Previous USD/JPY Analysis
Chart of the pair USD/JPY - Timeframe 4H - Zoom in :
USD/JPY
 
Chart of the pair USD/JPY - Timeframe 4H - Zoom out:
USD/JPY
USD/JPY Live Chart - Timeframe : 4h
Chart