USD/JPY: Preparing For Next Rally: Confirm On Daily Close Above 113.15; Negate Below 111.75 – ING

USD/JPY was pressured lower alongside stocks. But have things changed now? Here is their view, courtesy of eFXdata: ING discusses USD/JPY technical outlook and adopts a bullish bias on a multi-days basis against a daily close back below 111.75. “The daily chart shows a successful test of the solid and crucial support area between the horizontal […]

The post USD/JPY: Preparing For Next Rally: Confirm On Daily Close Above 113.15; Negate Below 111.75 – ING appeared first on Forex Crunch.

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