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15 Dec 2014
USD/JPY may attack 122 levels again - Vladimir Mihaylov
FXStreet (Barcelona) - Vladimir Mihaylov, Independent Analyst, expects that the USD/JPY pair may attack the 122 levels again after trading in the 117.80-119.80 range for some time.
Key Quotes
“JPY still keeps the dollar below 119.00, but the JPY's losses are far from over. I expect that after some range trade between 117.80 and 119.80 the pair will attack again 122.00. Previous two were the Daily support and resistance levels for the week. H4 and Daily indicaotrs show upside to continue in the days ahead, while Weekly ones turned bearish.”
Key Quotes
“JPY still keeps the dollar below 119.00, but the JPY's losses are far from over. I expect that after some range trade between 117.80 and 119.80 the pair will attack again 122.00. Previous two were the Daily support and resistance levels for the week. H4 and Daily indicaotrs show upside to continue in the days ahead, while Weekly ones turned bearish.”