USDJPY Consolidation is Still the Game

26 Nov
2012
by in Uncategorized

 

After its rapid advance from 79.50 the USDJPY has been consolidating its recent gains.  Resistance now begins at 83.20.  Support  begins at 81.85,  A break of this level would open the pairs up to a nice test of strong daily support between 80.60/81.  Buyers could emerge around these level.

Sup              81.85                            81/80.60

Res              83.20

Keane Plan....Would like to see a pullback towards 81.  to consider going long into.

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