Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Jul 31 - 05:00 PM
USD/JPY: Bullish S/T; A Daily Close Above 111.35 Confirms Bottom Formation For 118 Target - ING
First appeared on eFXplus on Jul 31 - 03:30 PM

ING discusses USD/JPY technical outlook and maintains an 'UP'rating in the near-term (see here).

"A close above the horizontal resistance around 111.35 will confirm this bottoming scenario.

The completed bottom formation is suggesting a price target of around 118.00 with overhead horizontal resistance coming in between 114.45 and 115.50.

We keep our rating unchanged at Up'" IN argues. 

ING Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer