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Forex pairs in this Article » USD/JPY (Barcelona) - The USD/JPY has been unable to break past yesterday's late high around 81.06, with the market rejecting the pair above the 81.00 technical barrier and pushing it back towards 80.60 within the initial hour of the European session today.

Albert Muñoz C of the technical analysis team still sees the possibility of extension above, writing: "USDJPY has managed to break above 80.30 and this morning is testing the daily SMA 20 at 80.85. Closing above that level would push prices higher, up to 81.60."

Muñoz C goes on to list key support levels at 80.60, 80.30 and 80.00 while resistance is placed at 80.90, 81.20 and 81.60.
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