Daily Recommendations on Major USD/JPY
Update Time: 29 Dec 2014 0:00GMT
DAILY OUTLOOK ON USD/JPY
Although dlr has retreated from last Wednesday's high at 120.83 and minor consoildation would be seen, as long as 119.66 holds, bullishness remains for upmove from 115.57 to resume to 120.83, above extends marginally to 121.00 but December's 7-year peak at 121.85 would hold.
Still favour buying dlr on dips with stop as indicated, break would risk weakness to 119.32.
Update Time: 29 Dec 2014 0:00GMT
DAILY OUTLOOK ON USD/JPY Although dlr has retreated from last Wednesday's high at 120.83 and minor consoildation would be seen, as long as 119.66 holds, bullishness remains for upmove from 115.57 to resume to 120.83, above extends marginally to 121.00 but December's 7-year peak at 121.85 would hold.
Still favour buying dlr on dips with stop as indicated, break would risk weakness to 119.32.
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