USD/JPY now shifted the view to the downside – UOB

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josegol23
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USD #JPY now shifted the view to the downside UOB
http://ntvforex.com/news/?id=79f793. . 5 minutes ago . By Pablo Piovano #USD #JPY could see its downside accelerated and a potential test of the 104.70 region, noted FX Strategists at UOB Group. Key Quotes 24 hour view Our expectation for #USD to trade at a lower trading range of 105.00 105.85 was incorrect as it staged a relatively robust recovery to a high of 106.09. Downward momentum has more or less dissipated and #USD has likely moved into a consolidation phase. For today, #USD is expected to trade within a 105.50 106.20 range. Next 1 3 weeks We highlighted yesterday that the risk has shifted to the downside and #USD could test the solid support at 104.70 . We added, the strong resistance at 106.30 is likely strong enough to hold, at least for these few days . The subsequent rebound in #USD is more robust than anticipated high of 106.09 and while we continue to see chance for #USD to test 104.70, we are moving the strong resistance level...
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