Updated the:
09/17/2012
USD/JPY : Unclear trend between 78.05 and 78.50

Sentiment :
"sentiment
78.50
"sentiment
78.04
"sentiment

--- Follow up analysis ---
A strong rebound occured last friday on the pair USD/JPY due to annoucements of Bernanke. The price got back above the daily support at 78.05 and is currently testing the resistance at 78.50. However, the pair is still moving into its medium term bearish channel (purple lines).

We are neutral between these two levels. We advise to wait an exit of this range to take position:
- Long above 78.50. We could then target a return on 78.94.
- Short in case of return below 78.05. The objective will be then at 77.66 and 77.50 in extension.

Analysis published by Bruno, the 09/17/2012 at 8h40 GMT+2

Complete sheet of the pair USD/JPY - Previous USD/JPY Analysis
Chart of the pair USD/JPY - Timeframe 4H
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Chart of the pair USD/JPY - Timeframe 1H
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USD/JPY Live Chart - Timeframe : 4h
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