Back
25 May 2015
USD/JPY bullish on all time frames – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, shares the technical outlook and key levels for USD/JPY.
Key Quotes
“JPY gave up finally and with the end of the positive Daily Ichimoku cloud we have a good upside jump to test the 122.00 again. Currently we are very close to it as the pair trades at 121.65. Indicators on all time frames are positive and the pair is bullish. We have now a good support at 120.20 and i do not think we shall go below that soon. Weekly reversal point is 118.80, once below and we shall tartget 117.00 and 115.00 levels again.”
Key Quotes
“JPY gave up finally and with the end of the positive Daily Ichimoku cloud we have a good upside jump to test the 122.00 again. Currently we are very close to it as the pair trades at 121.65. Indicators on all time frames are positive and the pair is bullish. We have now a good support at 120.20 and i do not think we shall go below that soon. Weekly reversal point is 118.80, once below and we shall tartget 117.00 and 115.00 levels again.”