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Trading news
23 Apr 2015
Stay bullish on USD/JPY – BAML
FXStreet (Barcelona) - MacNeil Curry, CFA, CMT, Technical Strategist at BofA-Merrill Lynch, remains bullish on USD/JPY, targeting 124.59 and 128.45.
Key Quotes
“We have initiated a new long position in $/¥, as evidence says that the bull trend of the past 4+ months is drawing to a conclusion and the long-term uptrend is set to resume for 124.59, ahead of 128.45.”
“Below 118.33 points to continued range-trading, while those awaiting additional price confirmation need a break of 120.86 (the Apr-13 high).”
Key Quotes
“We have initiated a new long position in $/¥, as evidence says that the bull trend of the past 4+ months is drawing to a conclusion and the long-term uptrend is set to resume for 124.59, ahead of 128.45.”
“Below 118.33 points to continued range-trading, while those awaiting additional price confirmation need a break of 120.86 (the Apr-13 high).”