2012.05.09 07:21:06 USD/JPY intraday: under pressure.

USD/JPY intraday: under pressure. Update on supports and resistances. Pivot: 80.10. Our Preference: SHORT positions below 80.1 with 79.6 & 79.3 in sight. Alternative scenario: The upside breakout of 80.1 will open the way to 80.25 & 80.5. Comment: the pair is under pressure and is challenging its support. Trend: ST Ltd Downside; MT Range Key levels Comment 80.5** Horizontal resistance 80.25** Horizontal resistance 80.1** Intraday pivot point 79.74 Last 79.6*** Intraday support 79.3** Intraday support 79.15** Intraday support Trading Central recommends MT5 to publish FX charts Copyright Trading Central 1999-2011