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31 Mar 2015
SEB: USD/JPY near-term upside potential – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that USD/JPY is attracted to the upside, expecting a break above 120.37/43 to make way for 121.21 levels.
Key Quotes
“The clear-cut bullish print added yesterday reopens the upside for business.”
“While yesterday's 119.60 mid-body point holds as support (could be re-tested of course) there is a growing near-term upside tilt - and more so if making way through nearby resistance at 120.37/43. - Then with sights turning to a 121.21 reaction high earlier this month.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The clear-cut bullish print added yesterday reopens the upside for business.”
“While yesterday's 119.60 mid-body point holds as support (could be re-tested of course) there is a growing near-term upside tilt - and more so if making way through nearby resistance at 120.37/43. - Then with sights turning to a 121.21 reaction high earlier this month.”
This content has been provided under specific arrangement with eFXnews.