Japanese Yen 4th Consecutive Positive Daily Bar

  • Support: 122.45
  • Resistance: 124.80
  • USDJPY has put in for its fourth consecutive positive daily bar. The trend is still intact yet the momentum off the 122.20 break seems to be tapering off.
  • There are few levels of resistance to key off of going forward, but the area around 125 is littered with a confluence of technicals.

USD/JPY (Daily, 12/18/06 - 06-18/07)

See Daily Technicals for more detail.