14 Mar 2014
Flash: Has USD/JPY seen a top? - UOB Group
FXStreet (Barcelona) - Quek Ser Leang, Market Strategist at UOB Group believe that the break of the key USD/JPY support at 102.10 suggests that USD has seen a top.
Key Quotes
“Expect further downward pressure in the coming week with an immediate target at 101.20 followed by 100.75.”
“Oversold short- term condition may lead to a rebound but the bearish view is negated only upon a move above the key resistant at 103.05.”
Key Quotes
“Expect further downward pressure in the coming week with an immediate target at 101.20 followed by 100.75.”
“Oversold short- term condition may lead to a rebound but the bearish view is negated only upon a move above the key resistant at 103.05.”