March 2nd, 2010 – The USD JPY is still in the process of consolidating before breaking one of the main two resistance; 90.00 level or 88.72. Currently, the USD JPY still has the bearish bias momentum as long as it stays below the 90.00 level and to see further decline, it must break the 88.72 resistance to target the 88.53 resistance. On the upside, if the USD JPY breaks the 90.00 level then it would be entering neutral momentum and if further momentum picks up; expected it to target the 91.26 resistance and then we would be able to see a full bullish run.
