Thu, 21 Jun 2012 07:58:02 GMT
USD/JPY penetrates 79.06/20
As anticipated, USD/JPY rebounded from a support at 78.53 and pierced through a formidable resistance area at 79.06/20, confirming its serious intention to surge further. At the moment the currency pair challenges 79.67/74, breach of which will pave the way towards 80.03/06 and 80.27. On the other hand, being that most of indicators are from neutral to bearish, continuation of