USD/JPY moved up as the greenback took one leg higher. What’s next? After the dovish Bank of Japan decision, the Fed will likely be hawkish. On this background and for other reasons, there is room to the upside. Here is their view, courtesy of eFXdata: ING discusses USD/JPY technical outlook and maintains an ‘UP’rating in the near-term (see here). “A close above the horizontal resistance around 111.35 will confirm this bottoming scenario. The completed bottom formation is suggesting a price target of around 118.00 with overhead horizontal resistance coming in between 114.45 and 115.50. We keep our rating unchanged at ‘Up'” IN argues. For lots more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Ethereum price analysis: ETH/USD eys critical $400 as Paul Krugman lambasts crypto FX Street 5 years USD/JPY moved up as the greenback took one leg higher. What's next? After the dovish Bank of Japan decision, the Fed will likely be hawkish. On this background and for other reasons, there is room to the upside. Here is their view, courtesy of eFXdata: ING discusses USD/JPY technical outlook and maintains an 'UP'rating in the near-term (see here). "A close above the horizontal resistance around 111.35 will confirm this bottoming scenario. The completed bottom formation is suggesting a price target of around 118.00 with overhead horizontal resistance coming in between 114.45 and 115.50. We keep our rating unchanged at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
