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5 Feb 2015
USD/JPY targeting 115.55 – UOB Group
FXStreet (Barcelona) - Analysts at UOB Group, view USD/JPY might head lower towards 115.55 on a break below 116.65.
Key Quotes
“The short-term sideway consolidation for the last few days is testing our bearish USD view.”
“The key level is still at the recent low of 116.65 as only a break of this level will lead to a sustained drop. Otherwise this pair may continue to trade sideways for the next few days.”
“We have moved our trailing-stop lower to 118.55 from 119.30. Target is still at 115.55.”
Key Quotes
“The short-term sideway consolidation for the last few days is testing our bearish USD view.”
“The key level is still at the recent low of 116.65 as only a break of this level will lead to a sustained drop. Otherwise this pair may continue to trade sideways for the next few days.”
“We have moved our trailing-stop lower to 118.55 from 119.30. Target is still at 115.55.”