Weekly Technical Commentary
USD/JPY Chart Levels: Support 95.00..94.00..93.55..92.75. Resistance 96.58..97.25..98.58..98.90 Somewhat to our surprise the potential ‘head-and-shoulders’ in which this pair has been trading since March is still valid. During June the top of the weekly Ichimoku ‘cloud’ limited the upside neatly and should now set up a test of the ‘neckline’ in the increasingly pivotal 94.00 area. This also represents the rough mid-point of trading this year where prices have held pretty much between 87.00 and