USDJPY It May Be Dead
19
Jul
2012
2012
The USDJPY barely moved on Thursday. The cross stayed within a 25 pip range. The pair rested at daily price support at 78.60. So really my analysis is exactly the same as Wednesdays. 78.60 could act as a pivot. A break above this level could lead to a move towards 79.15 a break below and a test of support at 78 could be in the cards. I would be hesitant to short this pair at these levels due to the possibility of intervention.
Sup .78
Res 79.15
