Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Feb 06 - 05:00 PM
USD/JPY: Upside Limited Ahead Of 110.56; Awaiting Next Selling Opportunity - ING
First appeared on eFXplus on Feb 06 - 03:25 PM

ING discusses USD/JPY technical outlook and maintains a neutral bias on a multi-days basis.

"No follow-up after the recent close above the horizontal resistance around 109.80. This is confirming that this is not the beginning of a strong rally, but the search for a lower top from where the next decline should start," ING notes. 

"The upside potential is limited with next resistance beginning at the declining MA-50 line at 110.56 with the flat EMA-200 line coming in at 111.03. All in all, we are looking for the next selling opportunity to downgrade our rating toDown again," ING adds. 

ING Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer