USD/JPY Technical Analysis for July 20, 2011

The USD/JPY had another quiet trading session on Tuesday as traders are largely abandoning this pair. The threat of the central banks intervening certainly makes this a dangerous pair to short, but at the same time – nobody seem to want to go long at this point in time. Therefore, it is an almost impossible pair to trade currently.

Written by ForexMansion.com

Forex Mansion