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#1 13-03-2018 17:20:22

johnedward
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From: Paris - France
Registered: 21-12-2009
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USD/JPY: a continuation of the rally is increasingly likely (UOB)

USD/JPY: a continuation of the rally is increasingly likely (UOB)

     

http://www.forex-central.net/forum/userimages/logo-uob.gif


UOB believes that the USD/JPY climb again on the forex.

"The USD/JPY relapsed after peaking at 106.97 on Monday. The rapid decline seems stretched, but a new drop towards 106.00 is not out of the question either.

At this point, a clear break below this threshold seems unlikely (the next support level is at 105.70).

On the upside, only a move above 106.80 would indicate that bearish pressures have eased.
"


"Anything worth having is worth going for - all the way." - J.R. Ewing

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