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USD/JPY Classical 03.11

USD/JPY Classical 03.11

2010-03-11 06:29:00
Joel Kruger, Technical Strategist
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USD/JPY: Has been very well supported on dips towards 88.00, and we look for the most recent sharp rebound to open additional upside over the coming weeks back above critical medium-term resistance at 93.75. Last Thursday and Friday’s impressive rally reaffirms our outlook and only a close back under 88.00 would ultimately negate and give reason for pause.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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