FX.co ★ USD/JPY Weekly View For May 16th - 20th/2011

SHORT DESCRIPTION :

In this weekly chart the USD/JPY is in a Bearish Situation, actually we have seen some reversal force to the upside. We have found the Divergence of the Stochastic Studies with the price (Red: Blueline). Please be careful for the next whole week because the weekly bar formed the Inside Bars (Harami Formation in the Candlestick Charts); as long as the 78.43 level cannot be broken by the pair this week, the USD/JPY still has a potential and opportunity to go up again.