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23 Feb 2015
USD/JPY bid above 118.80 – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, explains that with USD/JPY still in consolidation stage, a move above 119.35 might take the pair towards 120.00 levels.
Key Quotes
“JPY quickly started to loose price after BoJ minutes release today, but if we take a look at H4 and Daily we shall see that the pair seems to stay still in the consolidation state, despite the release.”
“Plenty of economic data for Japan will be released on Friday, and I expect some huge volatility too.”
“H4 close today below 118.80 is going to destabilize bulls, however breaking of 119.35 will encourege them further to try their luck at 120.00 and above.”
Key Quotes
“JPY quickly started to loose price after BoJ minutes release today, but if we take a look at H4 and Daily we shall see that the pair seems to stay still in the consolidation state, despite the release.”
“Plenty of economic data for Japan will be released on Friday, and I expect some huge volatility too.”
“H4 close today below 118.80 is going to destabilize bulls, however breaking of 119.35 will encourege them further to try their luck at 120.00 and above.”