9 Mar 2015
USD/JPY might test 120.60 – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, notes technicals favour the bullish side for USD/JPY, but quick tests of 120.60 and 120.30 are possible.
Key Quotes
“JPY has lost the battle for 120.00 level and the dollar feels a lot comfortable above 121.00.”
“There is no doubt upside will continue as H1, H4, Daily and Weekly indicators are bullish.”
“It is good to know that quick tests to 120.60 and 120.30 are still possible.”
“Below 120.00 the pair will enter in a consolidation mode with some more sideways trade.”
Key Quotes
“JPY has lost the battle for 120.00 level and the dollar feels a lot comfortable above 121.00.”
“There is no doubt upside will continue as H1, H4, Daily and Weekly indicators are bullish.”
“It is good to know that quick tests to 120.60 and 120.30 are still possible.”
“Below 120.00 the pair will enter in a consolidation mode with some more sideways trade.”