USD/JPY - Successful test of the rising trendline
USD/JPY has successfully tested its rising
trendline and has moved above the resistance at
79.76 (07/11/2012 low). The next resistance is at
80.03 (intraday high). Hourly supports are at
79.61 (09/11/2012 high) and 79.08 (09/11/2012
low).
USD/JPY is likely in a long-term bottoming
process...
FF News: Technical