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USD/JPY Analysis-May 31,2011
Tuesday, 31 May 2011 02:21

Forex USD / JPY Intraday Analysis - May 31, 2011: Testing Level 81.65

Yesterday: Open 80.89 High 80.99 Low 80.74 80.97 Close

All day yesterday, the movement in the yen tends to flat conditions, given in the American market is on vacation.

Currently, the visible movement of yen bearish.

The focus of today's economic data for USD / JPY is:

1. The average number of regular employees pre-tax income per year
2. New Housing Development

20110531_jpy


If the rise continues, prices likely headed to the 81.65 resistance level.

We recommend that if it declined the opportunity berkelanjut 80.52 support level.

Prices shown on the graph H1 line MA05 and MA10 in conditions intersect.

While the Stochastic indicator indicating a bearish opportunity is limited.