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Forex: USD/JPY; upside break favored - V.Bednarik

By FXstreet.com,  March 20, 2012, 08:21:00 PM EDT

FXstreet.com (San Francisco) - At the start of trading this Wednesday, USD/JPY is trading a tight 83.52-83.72 range, last at 83.60 with support levels noted at 83.30, 83.10 and 82.80, while resistance is seen at 83.80, 84.15 and 84.45.

"While the upside seems capped while below 83.80 static resistance level, loses below 83.00 seems...unlikely with a break to the upside favored for the upcoming sessions," says Valeria Bednarik, Chief Analyst at FXstreet.com.




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

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