USD/JPY : Neutral zone between 78 and 78.33
--- Follow up analysis ---
The level at 78.33 has given support several times on the pair USD/JPY who started yesterday a new bullish rally. This movement has allowed the breakout of the resistance at 78.80, giving us a new buy signal. We expect a pursuit of the bullish movement towards the resistance at 79.14 and 79.50 in extension.
We continue to advise only long positions as far as 78.50 is support. The breakout of 79.14 will give a new buy signal.
In case of return below 78.50, we will be neutral between this level and 78.33.
Analysis published by Bruno, the 10/16/2012 at 8h35 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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