USD/JPY Outlook

Hello everyone.

We hope everyone had a great holidays and new year. It’s hard to imagine here we are in a new year and it seems like only a little while ago we were writing our first post in 2010.

A lot has happened in the past month and it took us some time to digest it all and get back on track.

Let’s take a look at the USD/JPY hourly chart. We’ve seen a strong move up from the beginning of the year and we’ll look for that move up to potentially continue. If we can pass the resistance at the 84.20 area, then look for a potential continued move up to the 85.00 area and above.

It’s nice to see everyone again and we look forward to happy, safe and profitable 2011 with all of you.