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USD/JPY: now targets 121.75 - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB noted the current bullish phase in USD/JPY.

    Key Quotes:

    "Outlook clearly bullish now with a target of 121.75 The move higher to 120.55 was not surprising and the clear break above this level clearly indicates the start of a bullish phase in USD. The target is at 121.75, stop-loss is at 119.70 but 120.55 is already a strong support."
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