Friday, June 05, 2009

USDJPY 96.93 ASCENDING TRIANGLE

USDJPY has formed Ascending Triangle formation in 60min chart. A strong breakout is expected at 96.96 level. So at this point of time USDJPY is hust waiting for US NFP data which is expected to come out in the 15 min of time. If anything good comes then we see significant upside breakout and if anything bad comes then i see support coming at 96.55 and 96.15.