Technical Focus On USDJPY
USDJPY: With USDJPY bullish and threatening further upside, a move higher possibly towards look the 82.82 level is likely. A breach of here will resume its broader medium term uptrend. Further out, resistance resides at 83.30 level, its April 022012 high. On the downside, support comes in at the 81.67 level where a respite may occur and turn it higher again. Below here if seen could expose the 80.65 level where a reversal of roles is likely to occur. However, a violation of here will call for a run at the 79.21/09 levels. All in all, USDJPY continues to retain its medium term uptrend.
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