3 Feb 2015
USD/JPY might target 115.55 – UOB Group
FXStreet (Barcelona) - The Research Team at UOB Group, remain bearish on USD/JPY and expect the pair to target 115.55 in the coming weeks.
Key Quotes
“We shifted to a bearish USD stance yesterday and continue to target a move to 115.55 in the coming weeks. Trailing-stop is at 119.30 for now even though 118.00 is already a very strong resistance.”
“A break of the immediate support at 116.65 (low seen yesterday) could lead to acceleration lower.”
Key Quotes
“We shifted to a bearish USD stance yesterday and continue to target a move to 115.55 in the coming weeks. Trailing-stop is at 119.30 for now even though 118.00 is already a very strong resistance.”
“A break of the immediate support at 116.65 (low seen yesterday) could lead to acceleration lower.”