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11 Nov 2014
USD/JPY: 115.60 retest expected - UOB
FXStreet (Barcelona) - Quek Ser Leang, Technical Analyst at UOB Group sees a probable retest of the recent high of 115.60.
Key Quotes
“As indicated in yesterday’s update, there are warning signs that USD could be in the midst of a deep pull-back but as long as 113.50 is intact, a retest of the recent high near 115.60 cannot be ruled out just yet. However, a move above 116.00 is not expected for this week.”
Key Quotes
“As indicated in yesterday’s update, there are warning signs that USD could be in the midst of a deep pull-back but as long as 113.50 is intact, a retest of the recent high near 115.60 cannot be ruled out just yet. However, a move above 116.00 is not expected for this week.”