USD/JPY Rockets Through 105.60/70
Jason Sen | Sep 09, 2014 08:47AM ET
USD/JPY rocketed through 105.60/70 with little hesitation to ensure the bull run continues as we now look for a target of 106.45/55 this week. It's likely this will hold a move higher today but betting against this bull trend is unwise. Be ready for a break higher therefore to target 106.95 and perhaps as far as 107.15.
Immediate support is 105.80 but below here we could reach 105.60/55 for a buying opportunity, with stops below 105.40. A break lower should then target 105.15/05 for an excellent buying opportunity with stops below 104.90.
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