WEEKLY FORECAST :
On the previous week the USD/JPY broke out and closed below the Close & the Low of the week before; the range high to low is big enough and the price closed below the 10 Week periode Simple Moving Avarage and the Stochastic Studies is still pointing to down, it means the downtrend momentum is strong. However, this week the USD/JPY will test the Resistance 82.48, especially if the pair can break out above the 82.79 level, there's a chance the USD/JPY will test the Preivious weekly high at 83.29. However if the previous weekly Low at the 81.64 can be broken out, this pair has a chance to go down to the next support at the Fibonacci Support 50% at the 81.02 level.
