web hit counter
Published On: Sun, Dec 7th, 2014

USD/JPY – Technical Analysis (08.12.2014)

Next target for the USD/JPY is the 124.15 resistance. Initial support is offered by 120.06.

The USD/JPY’s impressive rally took the pair to 121.44 yesterday. At some point we expect a sharp correction, but until we see indications of a counter-trend movement, we remain positive. Next target for the USD/JPY is the 124.15 resistance. Initial support is offered by 120.06.

About the Author

ProfitEase.com

- ProfitEase.com is a global financial portal that provides news, analysis, economic calendars, streaming quotes, technical studies and other resources about the global markets. The materials on the website cover a variety of fields including: economics and politics; monetary policy; forex, CFD and derivatives trading; commodity markets; bond markets.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Subscribe

Never Miss A Post Subscribe For The Latest Updates And Receive News, Forecasts & Analysis for FREE!