USD/JPY bullish above 120.45 - Vladimir Mihaylov

FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, believes that USD/JPY might see a bullish move towards 121.25 on a move above 120.45.

Key Quotes

“JPY is consolidating again below 120.00, the consolidation period continues for a long time and will continue as long as the price is below 120.45. Once above the target will be set at 121.25, and then 122.00.”

“Current support is at 119.40, below the outlook is bearish.”