12 Feb 2015
USD/JPY set to see 120.75/85 – Kshitij Consultancy
FXStreet (Barcelona) - Analysts at Kshitij Consultancy, give the technical outlook for USD/JPY and EUR/JPY, expecting the former to see 120.75-85 levels.
Key Quotes
“Dollar-Yen is sustaining its upmove and is likely to see 120.75-85.”
“A test of previous high near 121.70 is also possible.”
“Very long-term Resistance comes in at 122.97, which may be difficult to break on first testing at least.”
“The Euro-Yen has been rising alongwith Dollar-Yen over through this week but can face Resistance in the 137.00-80 region, from where the bigger downtrend since 149.55 (Dec-14) could resume, pulling Euro-Dollar down with it.”
Key Quotes
“Dollar-Yen is sustaining its upmove and is likely to see 120.75-85.”
“A test of previous high near 121.70 is also possible.”
“Very long-term Resistance comes in at 122.97, which may be difficult to break on first testing at least.”
“The Euro-Yen has been rising alongwith Dollar-Yen over through this week but can face Resistance in the 137.00-80 region, from where the bigger downtrend since 149.55 (Dec-14) could resume, pulling Euro-Dollar down with it.”