March 3rd, 2010 – The USD JPY has a very strong bearish momentum after breaking the 88.72 and 88.53 resistance lines. With the current trend, expectation is the USD JPY will target the 87.35 resistance first and then if further decline proceeds; it will target the 84.81 resistance line. On the upside, the USD JPY must break the 90.00 level to get into a neutral bias and to turn into a full bullish bias, it must break the 91.26 resistance line.
