FX.co ★ USD/JPY Weekly For May 30th to the June 3rd / 2011

SHORT DESCRIPTION :

The pair has now entered a sideways situation, and will be trading between 79.59 and 81.76; it will also have a strong Resistnce at the 82.04 level; for the next week the 80.00 level has a potential chance to be tested by the USD/JPY. However to define the trend movement the pair must "close" above or below the 79.59 or 81.76 level at the end of the week (RED: Next Weekly Bar).