USD/JPY remains looking neutral - UOB Group

By FXstreet.com | July 28, 2014 AAA

FXStreet (Guatemala) - The Market Strategy Team at UOB Group notes the conditions surrounding the USD/JPY as neutral.



Key Quotes



"Despite improving short-term upward momentum it is premature to expect the current neutral outlook to shift to bullish. 102.00 is a strong resistant and this level may continue to cap for a few more days."



"However, in the event of a break above this level, USD could accelerate higher quickly towards 102.30.101.40 is a strong short-term support now."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY crashes below 106.50, more downside in store
    Forex News

    USD/JPY crashes below 106.50, more downside in store

  2. Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude
    Forex News

    Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude

  3. EUR/USD bulls wake up and drive pair above 1.2800
    Forex News

    EUR/USD bulls wake up and drive pair above 1.2800

  4. Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?
    Forex News

    Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?

  5. AUD/USD Range Endures With Clearer Cues From Candlesticks Desired
    Forex News

    AUD/USD Range Endures With Clearer Cues From Candlesticks Desired

Trading Center