Fri, 21 Sep 2012 08:08:12 GMT
USD/JPY rechallenges 77.99/98
USD/JPY slowly approaches 77.99/98, but should not invade into deeper levels, being that 77.70/49 and 77.21 are formidable supports. They should eventually revive the pair and restore bullish outlook, which is implied by banks' forecasts with the median of 82 in nine months. For now, technical indicators resist this scenario, besides, resistances overhead proved to be strong enough to negate