February 1st, 2010 – At the current moment, the USD JPY is below the resistance line of 90.53 which indicates that it is slightly bearish. If the the USD JPY decides to break the 90.53 resistance then it would be entering neutral bias and if it further pushes above the 91.86 resistance line then it would be fully bullish. For, the USD JPY to enter a into a bullish bias (above 91.86) it would need a superb economic news in the US economy to seek that position. On the downside, for the USD JPY to build it’s bearish case, it would require it to break the 89.12 resistance line.
