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FX.co ★ USD/JPY Intraday Technical analysis

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Forex Analysis:::2010-12-22T08:28:51

USD/JPY Intraday Technical analysis

USD/JPY Intraday Technical analysis

The spot rate has broken through resistance level at 83.60 resulting in an acceleration. A pullback is possible on these levels before a resumption of bullish trend.

According to previous events, the market indicates a bullish opportunity on the levels of 83.60 with a 1st objective of 84.20, then 84.50. A breakout of 83.40 would invalidate this scenario.

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