USD/JPY corrective upside likely to test 114 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The research team at UOB Group sees USD/JPY testing the 114.00 neighbourhood in the next 1-3 weeks.

    Key Quotes

    “We just shifted to a neutral stance yesterday and there is no change to the view”.

    “The current movement is considered as a corrective rebound which has scope to extend higher to 114.00 and possibly 114.50”.

    “Support levels have moved higher to 113.00 followed by 112.50 (from 112.50, 112.00)”.
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