2012.05.02 05:52:50 USD/JPY intraday: rebound.

USD/JPY intraday: rebound. Update on supports and resistances. Pivot: 79.85 Our preference: Long positions above 79.85 with targets @ 80.5 & 80.7 in extension. Alternative scenario: Below 79.85 look for further downside with 79.6 & 79.3 as targets. Comment: the RSI is supported by a bullish trend line. Key levels 80.95 80.7 80.5 80.163 last 79.85 79.6 79.3 Trading Central recommends MT5 to publish FX charts Copyright Trading Central 1999-2011