25 May 2015
SEB: USD/JPY targeting 122.04 next – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB notes that the weekly bullish print has exposed higher levels for USD/JPY, as shared by eFXnews.
Key Quotes
“A solidly bullish weekly print was added last week and the market has started off on the same footing today in Asia. This puts the Mar high of 122.04 in an exposed position and until proven wrong, that's where the aim should be.”
“Strong support is defined in the mid-120s.”
“Current intraday stretches are located at 120.85 & 122.10.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“A solidly bullish weekly print was added last week and the market has started off on the same footing today in Asia. This puts the Mar high of 122.04 in an exposed position and until proven wrong, that's where the aim should be.”
“Strong support is defined in the mid-120s.”
“Current intraday stretches are located at 120.85 & 122.10.”
This content has been provided under specific arrangement with eFXnews.