23 Mar 2015
USD/JPY intraday tone remains bearish – AceTrader
FXStreet (Barcelona) - The AceTrader Team prefers selling any intraday USD/JPY recovery as Dollar sentiment remains negative.
Key Quotes
“Despite dlr's marginal breach of 119.90 to 118.83, lack of follow-though selling and intra-day recovery in Asian morning suggests consolidation above said intra-day low would be seen.”
“However, sentiment on dlr remains mildly bearish after Friday's decline, so selling the pair on intra-day recovery is recommended.”
“At the moment, offers are noted at 120.25/30 n then 120.55/60 with mixture of offers and stops emerging above 120.80.”
“On the downside, bids are placed at 119.80-70 and around 119.60 with mixture of bids and stops located at 119.40 and further out below last Wednesday's 2-week trough at 119.29.”
Key Quotes
“Despite dlr's marginal breach of 119.90 to 118.83, lack of follow-though selling and intra-day recovery in Asian morning suggests consolidation above said intra-day low would be seen.”
“However, sentiment on dlr remains mildly bearish after Friday's decline, so selling the pair on intra-day recovery is recommended.”
“At the moment, offers are noted at 120.25/30 n then 120.55/60 with mixture of offers and stops emerging above 120.80.”
“On the downside, bids are placed at 119.80-70 and around 119.60 with mixture of bids and stops located at 119.40 and further out below last Wednesday's 2-week trough at 119.29.”