Technical analysis USD/JPY 21 January 2013

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“Bears” were not able to break through the 88.00/10 support, the price renewed growth and noted the new local maximum at 90.20, where they it was beaten and now rolled back to the 89.50/40 level. Indicators show positive evidence indicating uncertainty in the market. Obviously, as soon as the pair remains in a lateral trade at current levels, as a peculiarity of the situation related to the announcement of an important decision tomorrow on the prospects of the Bank of Japan monetary policy does not have to act. At the same time, uptrend remains dominant for medium-term conditions, and a raising of prices to levels – 90.60/91.00, and then to 94.00/95.00 maintains a high probability.

 JPY/USD - 21.01.13

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