Wed, 15 Aug 2012 07:01:30 GMT
USD/JPY stops ahead of 79.00/04
The price has pierced several resistances, but hesitates to prolong the move, being that 79.00/04 and 79.29/50 lie overhead. While USD/JPY is likely to advance further following a bearish correction, rally may not be as pronounced, implying choppy trading sessions. Nevertheless, the outlook remains bullish and potentially 79.29/50 could be overcome.