9 Mar 2015
USD/JPY gains might extend to 121.86 – GrowthAces
FXStreet (Barcelona) - The GrowthAces Research Team maintains a bullish outlook on USD/JPY, targeting 121.86 levels.
Key Quotes
“The USD/JPY rose strongly after Friday’s U.S. non-farm payrolls. The Fed's readiness to raise rates gave a clear advantage to USD/JPY bulls.”
“The USD/JPY broke above the level of 121.00 but we can see some longs locking in profits now. Japanese macroeconomic data and Nakaso comments had little effect on the USD/JPY rate.“
“We keep our medium-term bullish USD/JPY outlook and will be looking to get long on dips.”
“We have placed our buy offer at 119.80. We see scope for gains towards 121.86, 2014 peak”
“Significant technical analysis' levels:
Resistance: 121.29 (high Mar 6), 121.86 (high Dec 8), 122.00 (psychological level)
Support: 119.90 (low Mar 6), 119.47 (low Mar 4), 119.13 (low Feb 27)”
Key Quotes
“The USD/JPY rose strongly after Friday’s U.S. non-farm payrolls. The Fed's readiness to raise rates gave a clear advantage to USD/JPY bulls.”
“The USD/JPY broke above the level of 121.00 but we can see some longs locking in profits now. Japanese macroeconomic data and Nakaso comments had little effect on the USD/JPY rate.“
“We keep our medium-term bullish USD/JPY outlook and will be looking to get long on dips.”
“We have placed our buy offer at 119.80. We see scope for gains towards 121.86, 2014 peak”
“Significant technical analysis' levels:
Resistance: 121.29 (high Mar 6), 121.86 (high Dec 8), 122.00 (psychological level)
Support: 119.90 (low Mar 6), 119.47 (low Mar 4), 119.13 (low Feb 27)”