Daily Analysis for USDJPY, 01.11.2012

After a diverse trading the currency pair USDJPY  registered a growth on Wednesday and thus it returned its lost positions from Tuesday. The day started at levels around 79.59 and closed at a price of 79.78. If the direction continues upward there could be expected a test of resistance at 80.37. Otherwise, if the direction reverses, there may be a break of 78.61 support level.

Support: 78.61, 77.93;
Resistance: 80.37, 80.61;

USDJPY
USDJPY, H1

 

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