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6 May 2015
USD/JPY bullish above 119.20 – UOB
FXStreet (Barcelona) - Analysts at UOB Group, believe that USD/JPY might make a move higher towards 120.85 if the support at 119.20 stands.
Key Quotes
“USD touched a 3-week high of 120.51 yesterday but the failure to hold on to its gains does not bode well for our bullish USD view. That said, as long as the key support at 119.20 is not taken out, another leg higher to 120.85 cannot be ruled out just yet.”
Key Quotes
“USD touched a 3-week high of 120.51 yesterday but the failure to hold on to its gains does not bode well for our bullish USD view. That said, as long as the key support at 119.20 is not taken out, another leg higher to 120.85 cannot be ruled out just yet.”