Forex Flash: USD/JPY bullish with support at 80.68/63 - Commerzbank

FXstreet.com (Barcelona) - Commerzbank analysts see good support for the USDJPY at 80.68/63 (June, early November highs and 50% retracement) and 80.00/79.45 (psychological support and the location of the short term uptrend line) and are bullish on the pair: "USDJPY continues to target 81.78/87.This is the upside measured target from the wedge formation. Just below it sits the 61.8% Fibonacci retracement at 81.49 which should be reached today", wrote analyst Axel Rudolph, looking to 83.20 (2011-2012 resistance line) for the longer term view.