Daily Chart USD/JPY may 2 2011, Still under pressure

Daily Chart USD/JPY may 2 2011, Still under pressure ; Reached fresh low at 81.05 ahead of consolidation though downside still at risk. Break will see further extension to target 80.90/70 area. Beyond this expose the 80.00 level. Lower highs at 81.65 and 82.00/28 area seen keeping downside pressured

R5: 82.82 * 27 Apr high
R4: 82.54 100-day MA
R3: 82.28 28 Apr high
R2: 81.90/00 intraday level
R1: 81.65 29 Apr high

S1: 81.05 29 Apr low
S2: 80.90 * 50% Mar/Apr rally
S3: 80.70 * 23 Mar low
S4: 80.00 psychological
S5: 79.80 61.8% Mar/Apr rally For the latest updates PRESS CTR + D or visit Stock Market news Today

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