8 Jul 2015
USD/JPY sees downside risks towards 121.50 – UOB
FXStreet (Barcelona) - Analysts at UOB Group, expect USD/JPY to make another move lower towards 121.50 in the coming days.
Key Quotes
“While downward momentum is not very strong at this stage, we continue to expect USD to stage another leg lower towards the major support at 121.50 in the coming days. Stop-loss remains at 123.55 even though 123.00 is already a very strong short-term resistance.”
Key Quotes
“While downward momentum is not very strong at this stage, we continue to expect USD to stage another leg lower towards the major support at 121.50 in the coming days. Stop-loss remains at 123.55 even though 123.00 is already a very strong short-term resistance.”