USD/JPY Current Price 95.96

Tuesday, May 12, 2009

USD/JPY Current Price 95.96. Fresh low just under the 96.00 zone, bearish trend continues strong in the pair, after breaking under the key ascendant daily trend line around 96.30 first static resistance for the next hours. 

Pair has no signs of exhaustion or reversal and indicators Pair now should attempt to reach next important support at 95.50, that probe it’s strength in the past. “Seems unlikely the pair breaking under at a first attempt,” If surpassed, longer term perspective lies at 93.30 zone.

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