USDJPY Resting at its pivot

23 May
2012
by in Uncategorized

The USDJPY once again failed to gain any momentum from Tuesdays gains.  Price action around the 79.40 has been pivotal this week.  A hold above this price and we could see a retest of the 80 level.  A break below and resistance at 79 could be tested.

Sup     80.60

Res     79                  Pivot     79.40

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