Mar 16
USD/JPY Analysis-July 04,2011
Monday, 04 July 2011 05:01

USD/JPY Intraday Analysis - July 4, 2011: Testing Level 81.27

Yesterday: Open 80.59 High 81.15 Low 80.53 80.84 Close

Since the last American trading session, the movement experienced a bullish yen to pass a few pips from the first resistance level is at 81.00.

The focus of today's economic data for USD / JPY is:
1. JPY Monetary Base y / y at 6:50 pm
2. USD Bank Holiday "Independence Day" 

Currently seen Yen in sideways conditions.

When the ride continues through the diagonal above the trend line then prices likely headed to the 81.27 resistance level.

Should be decreased if penetrating below the diagonal trend line support level opportunity 80.41.

Prices on the graph H1 stripes seen in the MA05 and MA10 bullish conditions tend sideways ..

While the Stochastic indicator potentially bullish signal when the trend line is able to bypass the diagonal.