FX.co ★ USD/JPY Weekly Forecast for April 11st - April 15th / 2011

WEEKLY OUTLOOK :

The bias of this pair is still in a Bullish situation, last week the upside momentum was not so strong as for the past two weeks, it seems next week the Resistance level 85.92 will be tested. However, on the other hand, if the USD/JPY can break out and close below the Fibonacci Support 14.6% at 84.25, the pair will be going down to 83.88 as the first target and the Fibnonacci Support 23.6% at 83.39 as the second target.