By FXEmpire.com
The USD/JPY pair shot straight up during the week as the dollar found its footing against most currencies for the week. The 80 handle continues to be the epicenter of resistance for our money, and has still price down. The level won’t be considered broken out of it until we cross and close above the 80.50 level. This area is a clear top to the resistance area on the daily charts. Because of this, we are not ready to go along yet but believe that a break of the top of this week’s candle would be an excellent buy signal. As for selling, we are looking to do that now.
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Originally posted here
