24 Nov 2014
Stay with the trend – TD Securities
FXStreet (Barcelona) - Analysts at TD Securities see no heavy barriers for the USD/JPY pair till the 124 area, and suggest to stay with the trend.
Key Quotes
“Longer-term trend studies are very supportive of the USD still and we see only limited scope for a USD dip from here—perhaps to the mid-point of the bull channel currently, at most.“
“The strength of the underlying trend suggests shallow and short-lived corrections only.“
“There is little in the way of a quickish move back to the 124 area (2007 highs) from here. Stay with the trend and look to buy into modest corrections.”
Key Quotes
“Longer-term trend studies are very supportive of the USD still and we see only limited scope for a USD dip from here—perhaps to the mid-point of the bull channel currently, at most.“
“The strength of the underlying trend suggests shallow and short-lived corrections only.“
“There is little in the way of a quickish move back to the 124 area (2007 highs) from here. Stay with the trend and look to buy into modest corrections.”