Dollar/yen is trading around 113, the highest in 6 months. What’s next? The team at ING eyes new levels. Here is their view, courtesy of eFXdata: ING discusses USD/JPY technical outlook and maintains an ‘UP rating and recommends buying on dips into the 111.35 breakout level. “‘The daily chart shows a pause within the uptrend after the recent bullish break above the horizontal resistance around 111.35. There is a target at 118.00 after completing a long-term bottom formation above 110.40, but overhead horizontal resistance comes in between 114.45-115.50 with first resistance coming in at the upper end of the rising trend channel around the 114.20 level. We recommend buying on weakness towards the recent breakout level around 111.35,” ING argues. For lots more FX trades from major banks, sign up to eFXplus By signing up to 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 Litecoin price analysis: LTC/USD spikes above $90.00 as Carlie Lee says WEX bank can deliver crypto solutions FX Street 5 years Dollar/yen is trading around 113, the highest in 6 months. What's next? The team at ING eyes new levels. Here is their view, courtesy of eFXdata: ING discusses USD/JPY technical outlook and maintains an 'UP rating and recommends buying on dips into the 111.35 breakout level. "'The daily chart shows a pause within the uptrend after the recent bullish break above the horizontal resistance around 111.35. There is a target at 118.00 after completing a long-term bottom formation above 110.40, but overhead horizontal resistance comes in between 114.45-115.50 with first resistance coming in at the upper end of the rising… 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.
