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16 Dec 2014
USD/JPY may extend towards 117.20 – UOB
FXStreet (Barcelona) - According to the Analysts at UOB group, the expected USD pullback could extend the USD/JPY pair lower towards 117.20 support.
Key Quotes
“The current price action is in line with our expectation that USD is in the midst of a choppy pull-back which could extend lower towards the major support at 117.20 followed by 116.80. Trailing-stop has moved lower to 119.55 from 119.95 yesterday.”
Key Quotes
“The current price action is in line with our expectation that USD is in the midst of a choppy pull-back which could extend lower towards the major support at 117.20 followed by 116.80. Trailing-stop has moved lower to 119.55 from 119.95 yesterday.”