USD/JPY aims for a test of 119.70 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - In opinion of the research team at UOB Group, USD/JPY could visit the area of 119.70.

    Key Quotes

    “Despite the short-term USD weakness, the current price action is likely a consolidation phase that should eventually lead to a move higher unless there is a break below the current stop-loss at 117.50”.

    “Immediate target remains unchanged at 119.70 even though 119.20 is already a strong resistance”.
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