USD/JPY : Neutral zone between 78 and 78.33
--- New analysis ---
The pair USD/JPY has failed to pursuit its bullish movement this week and is currently testing the upper band of its former bearish channel (purple lines) and also the support at 78. In h1, this movement is leading by a bearish slant (blue line).
We are neutral on the pair USD/JPY between 78 and 78.33. We advise to wait an exit of this range to take position:
- Long above 78.33. We will then expect a new test of 78.80
- Short below 78. The support at 77.50 should be reach.
Analysis published by Bruno, the 10/11/2012 at 8h30 GMT+2
Chart of the pair USD/JPY - Timeframe 4H
Chart of the pair USD/JPY - Timeframe 1H
|USD/JPY Live Chart - Timeframe : 4h|
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