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Forex pairs in this Article » USD/JPY (Athens) – Karen Jones Head Technical Analyst of Commerzbank suggest that USD/JPY remains completely sidelined.

Key Quotes

“Below the market lies the 4 month support line at 97.23, which guards the current October low at 96.55 and the six month support line at 96.11. Above there is the 6 month resistance line at 99.02 and the 4 month resistance line at 99.82.”

“The market has been contained in a large contracting range for the past 6 months and currently we have no real indication that the market is ready to break out of this range.”
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