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28 Jan 2015
USD/JPY short-term downside risks – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, notes that USD/JPY short-term outlook favours the downside with the pair lacking a clearing trend at current levels.
Key Quotes
“The USD/JPY pair trades slightly lower in the day, capped by a bearish 20 SMA in the daily chart, and with the short term picture favoring the downside, as despite indicators stand in neutral territory, the price develops below its moving averages.”
“As commented on previous updates, the pair trades in a quite clear range between 117.00 and 118.80, and it will take a clear break of any of those extremes to set a clearer trend.”
Key Quotes
“The USD/JPY pair trades slightly lower in the day, capped by a bearish 20 SMA in the daily chart, and with the short term picture favoring the downside, as despite indicators stand in neutral territory, the price develops below its moving averages.”
“As commented on previous updates, the pair trades in a quite clear range between 117.00 and 118.80, and it will take a clear break of any of those extremes to set a clearer trend.”