12 Jan 2015
USD/JPY testing the daily support – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, notes that USD/JPY may head towards 117.10 levels as it currently tests the 118.20 support.
Key Quotes
“JPY is currently at the Daily support at 118.20 and is testing it. The pair may reach 117.10 within this testing, but it will change nothing if the price succeeds to return quickly back above 118.20-30. Daily close below 117.00 will enter the positive Daily cloud and the price will be locked inside for several days.”
Key Quotes
“JPY is currently at the Daily support at 118.20 and is testing it. The pair may reach 117.10 within this testing, but it will change nothing if the price succeeds to return quickly back above 118.20-30. Daily close below 117.00 will enter the positive Daily cloud and the price will be locked inside for several days.”