USD/JPY Technical Analysis for July 8, 2011

USD/JPY rose on Thursday, sending the pair over the 81 mark on the close. The pair still looks very tight, and such doesn’t offer much in the way of volatility these days. Until we can break above 82 (preferred), or below 80, we see no real direction in this pair other than a scalper’s market.

 

Written by ForexMansion.com

Forex Mansion