Unsere besten Spreads und Konditionen
Mehr erfahren
Handelsnachrichten
Back
13 Apr 2015
USD/JPY: consolidation with upside bias – AceTrader
FXStreet (Barcelona) - The AceTrader Team notes recent price action suggests USD/JPY pullback has been completed, and another attempt towards 122.03 is likely for the pair.
Key Quotes
“As dollar has rebounded after Friday's cross-inspired retreat to 120.05, suggesting pullback from last Thursday's high of 120.74 has ended there and consolidation with upside bias remains, a break of said resistance anytime would confirm erratic upmove from 118.33 to correct decline from March's near 8-year peak at 122.03 has resumed and extend gain towards pivotal resistance at 122.03 later.”
“On the downside, only a breach of 119.64 support would indicate a top is made instead and shift risk to downside for weakness to 119.20/30 and possibly to 119.00.”
Key Quotes
“As dollar has rebounded after Friday's cross-inspired retreat to 120.05, suggesting pullback from last Thursday's high of 120.74 has ended there and consolidation with upside bias remains, a break of said resistance anytime would confirm erratic upmove from 118.33 to correct decline from March's near 8-year peak at 122.03 has resumed and extend gain towards pivotal resistance at 122.03 later.”
“On the downside, only a breach of 119.64 support would indicate a top is made instead and shift risk to downside for weakness to 119.20/30 and possibly to 119.00.”