Tue, 10 Jul 2012 07:43:08 GMT
USD/JPY's downside risk increases
USD/JPY is on the verge of breaking out of an upward trending channel, which in turn may lead to a sharp fall. The pair has already eroded an uptrend support line, but preserves potential to return above it and to continue challenging resistances, since currency couple's outlook did not yet turn bearish and key support at 79.49/35 remains intact.