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Forex: USD/JPY recovery held above 81.50

By FXstreet.com,  January 03, 2011, 07:14:00 PM EDT

FXstreet.com (Barcelona) - Current price: 81.60. USD/JPY managed to regain further ground mid American session, reaching 81.75 daily high on improved risk appetite, although is entering Asia a bit softer.

"Bullish tone according to 4 hours indicators, persist, although hourly ones are showing some of exhaustion to the upside, suggesting a limited bearish corrective movement, that again needs to hold above 81.10 to keep the bullish bias alive" said Valeria Bednarik, Chief Analyst at FXstreet.com.

Support levels: 81.40 81.10 80.80, Resistance levels: 81.80 82.10 82.40




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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