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14 Jan 2015
USD/JPY bearish target at 115.50 – Growth Aces
FXStreet (Barcelona) - The Growth Aces Team suggests selling USD/JPY on any upticks, anticipating the pair to move towards 115.49 levels.
Key Quotes
“The JPY strengthened against the USD in Asian trading on Wednesday as investors are lowering their expectations for interest rates hikes in the USA. The USD/JPY fell to a day’s low at 116.54. Our USD/JPY trading strategy is to sell the JPY on upticks as we see potential for further fall, even to 115.49 (38.2% retrace of 105.20-121.86 move).”
Key Quotes
“The JPY strengthened against the USD in Asian trading on Wednesday as investors are lowering their expectations for interest rates hikes in the USA. The USD/JPY fell to a day’s low at 116.54. Our USD/JPY trading strategy is to sell the JPY on upticks as we see potential for further fall, even to 115.49 (38.2% retrace of 105.20-121.86 move).”