• USD/JPY has successfully tested its rising trendline and has moved above the resistance at 79.76 (07/11/2012 low). The next resistance is at 80.03 (intraday high). Hourly supports are at 79.61 (09/11/2012 high) and 79.08 (09/11/2012 low). • USD/JPY is likely in a long-term bottoming process. The successful test of the key resistance at 80.62 (25/06/2012 high) calls for a short-term corrective phase. The maximum downside risk is likely limited by the support at 77.95 (11/10/2012 low). • EUR/USD is bouncing. An hourly resistance is at 1.2790. The technical configuration is negative as long as prices remain below the ... (full story)