FX Strategists at UOB Group expect USD/JPY to get serious upside traction if the 109.00 barrier is cleared in the short-term. Key Quotes 24-hour view: “USD traded between 105.13 and 107.91 yesterday, narrower than our expected 105.50/108.50 range. The outlook remains mixed and USD could continue to trade within a broad range of 105.50/107.50.” Next 1-3 weeks: “USD jumped to a high of 108.49 last Friday before opening on a weak note this morning. Despite last week’s strong gains and the improved upward momentum, we are not convinced that USD can continue to march higher from here. As highlighted lighted last Friday, “only a clear break above 109.00 would indicate the start of a direction move”. Meanwhile, USD could continue to trade in a volatile manner between 103.00 and 109.00 (range narrowed from 101.00/109.00).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Futures: Downside looks exhausted FX Street 2 years FX Strategists at UOB Group expect USD/JPY to get serious upside traction if the 109.00 barrier is cleared in the short-term. Key Quotes 24-hour view: “USD traded between 105.13 and 107.91 yesterday, narrower than our expected 105.50/108.50 range. The outlook remains mixed and USD could continue to trade within a broad range of 105.50/107.50.” Next 1-3 weeks: “USD jumped to a high of 108.49 last Friday before opening on a weak note this morning. Despite last week’s strong gains and the improved upward momentum, we are not convinced that USD can continue to march higher from here. As highlighted lighted… 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.
