FX.co ★ USD/JPY For Weekly August 08th / 2011 to August 12nd / 2011

Description :

This currency is still in a bearish pressure; however, last week the USD/JPY managed to form a Bullish Engulfing, if next week the currency manages to break out of the 80.21 level then USD/JPY is likely to continue the bullish movement. But if the currency turnes way down to the level 76.87, then the USD/JPY is likely to test again the 76.50 level.