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Usd/Jpy: Ready For A Fall?!Top ↑  May 24 2011 Usd/Jpy found some bid in recent days, but nothing significant. The price action is slow, with very small volume involved and still trapped within a trading channel; so for now its clear indication of a corrective price action. As such, we believe that this pull-back is a complex wave B), with lower wave C) yet to come. A break below the corrective channel line should provide weakness within a lower wave C) towards and even below wave A) 79.57 support. Strong resistance seen at 82.30 and 82.80-previous wave 4 high! Usd/Jpy 4h chart:  Video tour of our product offerings Follow us on Twitter or Facebook Subscribe to our newsletter Newsletter archive
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Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
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