USD/JPY Daily Outlook

by Action Insight (All Reports) on July 30, 2010

USD/JPY's break of 86.26 support suggests that recent decline from 94.97 has resumed. Intraday bias remains on the downside and further fall should now be seen to target a retest on 84.81 low. On the upside, above 86.97 minor resistance will turn bias neutral and bring consolidations. But recovery should