19 Feb 2015
USD/JPY: 119.40 a key level to watch - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the USD/JPY pair regains the 119.00 level.
Key Quotes:
"The 1 hour chart showing that the pair trades above its 100 and 200 SMAs and the technical indicators stand in positive territory, although losing upward strength at the time being."
"In the 4 hours chart however, the technical picture is clearly bullish, as the technical indicators head higher above their midlines while the price develops above its moving averages, favoring some further advances particularly if the price advances above 119.40, this week high."
Key Quotes:
"The 1 hour chart showing that the pair trades above its 100 and 200 SMAs and the technical indicators stand in positive territory, although losing upward strength at the time being."
"In the 4 hours chart however, the technical picture is clearly bullish, as the technical indicators head higher above their midlines while the price develops above its moving averages, favoring some further advances particularly if the price advances above 119.40, this week high."