1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USD/JPY: biased to gains through key 200 DMA - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Guatemala) - Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that Monday’s gains in USD/JPY were remarkably muted, failing above 120.50.

    Key Quotes:

    "Momentum indicators are neutral and trend signals are absent. We remain biased to gains above the 200 day MA 120.89 but acknowledge the potential for decline as observed with Friday’s short-lived plunge below 119.00."
    For more information, read our latest forex news.

    Continue reading...
     

Share This Page