Forex Flash: USD/JPY poised to climb long-term – RBS
Forex pairs in this Article »
USD/JPY
FXstreet.com (Barcelona) - From a longer-term strategic point of view, the USDJPY chart is looking more and more constructive; the momentum on the MACD has been positive for a while and the market has crossed the cloud on the weekly setting for the first time in 7 years.
"There is a test approaching in the near term between 84.16 and 86.84, however we would anticipate this market to be a lot higher, perhaps above the 86.84 mark in Q1 of next year." predicts Technical Markets Strategist William Moore at RBS.
"There is a test approaching in the near term between 84.16 and 86.84, however we would anticipate this market to be a lot higher, perhaps above the 86.84 mark in Q1 of next year." predicts Technical Markets Strategist William Moore at RBS.
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