We're approaching the strong support at 78.25 where I think we'll get a bounce. Before turning medium-term bullish I'd like to see a channel breakout though.
Friday, May 25, 2012
USD/JPY ~ Update ~ 25 May 2012
The USD/JPY is still inside its channel. As you can see in the chart (lower channel lines) the decline has slowed down though :
We're approaching the strong support at 78.25 where I think we'll get a bounce. Before turning medium-term bullish I'd like to see a channel breakout though.
We're approaching the strong support at 78.25 where I think we'll get a bounce. Before turning medium-term bullish I'd like to see a channel breakout though.
