USDJPY – Weekly Technical Analysis – 01 Jul 2013

No change in my previous posts, after topping at 103.73 levels, the pair is under pressure with risk to the downside, resistance is at 100.66 levels,   rebound from 93.78 is likely to be contained by 100.66 levels where resumption of whole fall is suggested , note that rejection from 100.66 on weekly/daily is likely to retest 94.00 levels.

On the upside, break of 100.66 levels, would weaken the bearish view, If seen, it will pave the way towards 103.73, stability above 103.73 on a weekly closing basis, sooner or later will target 111.00 levels  127.2% projection of 77.12/103.73 run.




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