USD/JPY bearish case building - Scotia

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained the short-term technicals are bearish-neutral in USD/JPY.

    Key Quotes:

    "Risks are shifting following the completion of last week’s three-candle ‘morning star’ reversal pattern. The formation is suggestive of upside risk, and we look to further gains with the potential for a break above the 9 day MA at 119.63."
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