Thu, 20 Sep 2012 07:42:11 GMT
USD/JPY trims gains
Rally beyond resistance at 78.82/96 proved to be unsustainable and USD/JPY quickly returned within the boundaries of a downtrend channel. Now the pair faces support at 77.99/98 and is not expected to overstep additional levels at 77.70/49 and 77.21, near which the price may finally receive bullish impetus, but technical indicators suggest this scenario is to be postponed for now.