14 Nov 2014
USD/JPY pair surges to a fresh multi-year high - FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet notes the USD/JPY pair surging to 116.82, a fresh multi-year high, extending their early gains.
Key Quotes
"Technically, the pair’s 1 hour chart shows indicators grinding higher above their midlines, whilst 100 and 200 SMAs remain for the most horizontal below current price."
"In the 4 hours chart indicators head higher in positive territory, with RSI looking a bit exhausted near 75 but with no other sign the pair may retrace."
"Bigger time frames also favor the upside, eyeing now 117.46, April 2007 monthly low, on a break above the 117.00 figure."
Key Quotes
"Technically, the pair’s 1 hour chart shows indicators grinding higher above their midlines, whilst 100 and 200 SMAs remain for the most horizontal below current price."
"In the 4 hours chart indicators head higher in positive territory, with RSI looking a bit exhausted near 75 but with no other sign the pair may retrace."
"Bigger time frames also favor the upside, eyeing now 117.46, April 2007 monthly low, on a break above the 117.00 figure."