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 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

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    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”.
    For more information, read our latest forex news.
     

Share This Page