USDJPY Jun 04 to Jun 08 OutlookBy on 2012 Jun 2 Sat 7:06:05
Breakout to the downside. Completed 200% range expansion then bounced. Closed at Y-3.
Back to long term support zone 76-78 again. Consolidation below B-0 is expected with downside bias to tag Y-4 / Y-5.
Will be difficult to trade as we all know BOJ and Japanese government have been quite open about intervention.