Mon, 09 Jul 2012 07:47:25 GMT
USD/JPY's outlook is from neutral to positive
Major area, which provides support from 79.66 till 79.17, remains under risk of being broken, as USD/JPY did not yet manage to leave its vicinity and thus proving bullish momentum to be fragile. Bearish scenario would lead the pair down to 78.87/85, then towards lower levels at 78.39 and 78.08. Nonetheless, breach of resistance at 80.41/48 would confirm intentions of