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- USD/JPY to advance nicely towards the 122.90/123.00 area – Credit Suisse
USD/JPY to advance nicely towards the 122.90/123.00 area – Credit Suisse
USD/JPY has finally seen a resumption of its core bull trend. Analysts at Credit Suisse maintain a core bullish outlook with their ultimate objective still at 122.90/123.00.
Support at 116.35/10 set to hold
“We maintain our long-held bullish outlook with resistance seen next at the 2018 highs at 118.61/66 and with 122.90/123.00 still our ultimate objective.”
“Support at 116.35/10 now ideally holds, although only a close back below the 55-day average at 115.24 would warn of a ‘false’ break higher.”
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