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USD/JPY comfortable with the sideline pattern – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In view of the research team at UOB Group, the pair’s outlook points to further consolidation in the next 1-3 weeks.

    Key Quotes

    “There is not much to add as we continue to hold a neutral view for USD”.

    “However, this pair is approaching the lower end of the expected 112.50/114.55 range and we must highlight that a daily closing below 112.50 would indicate the start of a bearish phase”.
    For more information, read our latest forex news.
     

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