12 May 2015
Technical outlook for USD/JPY and crosses – Kshitij
FXStreet (Barcelona) - The Kshitij Consultancy Team gives the technical outlook and key levels for USD/JPY, GBP/JPY and EUR/JPY.
Key Quotes
“USDJPY (120.17) has also been steadily moving upwards and may re-test 120.36 on the upside over today and tomorrow. Need to see if it comes back from there towards 119 or breaks above to test 121 in the near term.”
“Looking at GBPJPY (187.18) there is a sharp rise due to Pound strength but there is a weekly resistance coming from Jul’08-Dec’14 just above current levels. 187.80-189.46 is a crucial resistance zone which is likely to hold in the near term.”
“EURJPY (134.10) has risen slightly from 133.45 and may move higher to test 135 in the near term before again coming off from there.”
Key Quotes
“USDJPY (120.17) has also been steadily moving upwards and may re-test 120.36 on the upside over today and tomorrow. Need to see if it comes back from there towards 119 or breaks above to test 121 in the near term.”
“Looking at GBPJPY (187.18) there is a sharp rise due to Pound strength but there is a weekly resistance coming from Jul’08-Dec’14 just above current levels. 187.80-189.46 is a crucial resistance zone which is likely to hold in the near term.”
“EURJPY (134.10) has risen slightly from 133.45 and may move higher to test 135 in the near term before again coming off from there.”