forex4you Posted February 27, 2012 Report Posted February 27, 2012 USD/JPY: Technical Analysis The pair ascended higher than expected. Having tested 81.60/70 levels, the price pulled back down. Trading is currently carried out at 80.80/90. Most indicators are "bullish", although MACD divergence has formed, so it's now weakening, giving enough reasons to consider present decline as the beginning of a long-term and deep large-scale correction. A pullback has all chances to continue down to 79.90/60 support or even lower, to 79.00. Deeper decline will indicate weakening "bullish" potential. Analysis by: Arkady Nagiev Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Belajar Forex
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