20 Mar 2014
USD/JPY potential downside ahead – FXStreet
FXStreet (Edinburgh) - Gonçalo Moreira, CMT at FXStreet, sees downside potential for the USD/JPY.
Key Quotes
“In a one-period movement on the hourly chart, the USD/JPY left the sideways range around the 101.20s to sit up at the 102.50s”.
“As a result of the rally, reported sell orders by FXStreet contributorswere filled. Profits from those orders are now clustered within a whisker of the recent lows, suggesting a short-term target intention and denoting a mild downside bias in the bigger picture”.
Key Quotes
“In a one-period movement on the hourly chart, the USD/JPY left the sideways range around the 101.20s to sit up at the 102.50s”.
“As a result of the rally, reported sell orders by FXStreet contributorswere filled. Profits from those orders are now clustered within a whisker of the recent lows, suggesting a short-term target intention and denoting a mild downside bias in the bigger picture”.