USD/JPY keeps the bearish outlook near term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - In view of strategists at UOB Group, spot keeps the bearish stance in the short-term.

    Key Quotes

    “The sudden and sharp rebound yesterday has clearly dented the downward momentum in USD”.

    “However, confirmation of a low is only upon a break of the stop-loss at 118.40. Those who are shorts from last week may likely to book profit on any dip close to 116.45”.
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