Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Mar 07 - 11:00 AM
USD/JPY: Consolidation In-Play; Sell Rallies Towards Falling Trend Line Around 112.65 - ING
First appeared on eFXplus on Mar 07 - 09:00 AM

ING discusses USD/JPY technical outlook and maintains a bullish bias on a multi-days basis and recommends selling such potential rallies into 112.65.

"The daily chart shows a successful consolidation above the former horizontal resistance around 111.70, suggesting higher prices within the short-term uptrend should be expected. Next strong resistance comes in at the falling trend line around 112.60 with the short-term bullish target unchanged at 112.95," ING notes. 

"We recommend selling the rallies towards the falling trend line around 112.65," ING adds. 

ING Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer