USDJPY Sees Recovery Higher On Loss Of Bearish Momentum

16 Eki 2015

USDJPY: USDJPY lost its downside momentum to close higher on a long-tailed candle on Thursday. This development leaves risk higher with a possible run at the 119.50 level. Above here will clear the way for more strength build up towards the 120.00 level with a break targeting the 120.50 level.

Strategy: Buy at 118.83, Stop loss at 118.17, Price target at 119.79 & 119.99