May 17, 2012 07: 13 GMT
USD/JPY: the market continues to consolidate around $80.00 and is looking a little more high medium term before next large upside back extension above the annual anticyclones to 84.20 and 90.00 further up. However, for the time it remains in question, if the market lower head to the ADM of 200 days by 78.50 before finally topple more. The key to look above level is by 80.60, and pause close above this level will be officially alleviate pressures weighing and suggest that a lower now was carved in the 79.00.
USD/JPY: the market continues to consolidate around $80.00 and is looking a little more high medium term before next large upside back extension above the annual anticyclones to 84.20 and 90.00 further up. However, for the time it remains in question, if the market lower head to the ADM of 200 days by 78.50 before finally topple more. The key to look above level is by 80.60, and pause close above this level will be officially alleviate pressures weighing and suggest that a lower now was carved in the 79.00.
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