Updated the:
06/15/2012
USD/JPY Technical Analysis comments :
Sentiment :
sentiment
79.75
sentiment
79.50
sentiment
The pair USD/JPY finaly got out of its range 79.20/79.75 from the bottom, giving us a sell signal.
Currently, the pair is testing the support at 78.75 and also the upper band of its desceding bevel (black lines).
All indicators are bearish.
We continue to advise short positions as far as 79.50 is resistance.
The breakout of 78.75 will give a new sell signal and will open the way towards 78.18.
In case of return above 79.50, we will wait the breakout of 79.75 to advise long positions.
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