-
Buying Opportunities In USD/JPY & EUR/USD - ING
USD/JPY finally breaks from its sideways move within this narrow trading range between 118.30 and 120.50 during the past weeks, notes ING. These series of short-term higher lows within this pattern in combination with prices trading above the MA-50 line at 119.83 are suggesting that an upward breakout above 120.50 is in place, ING adds. "Therefore, we stick to our short-term minor trading Buy. Next strong horizontal resistance comes in at 121.50 after the close above 120.50," ING advises. Turning to EUR/USD, ING notes that the short-term expected correction is unfolding with prices breaking the trend line below ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 20, 2015 3:05am May 20, 2015 3:05am
- hjkl185
- | Joined Sep 2010 | Status: Member | 79 Comments
- Comment #2
- Quote
- May 20, 2015 3:47am May 20, 2015 3:47am
- Taha.M
- | Additional Username | Joined Apr 2015 | 30 Comments
its all about the interest rates duh!!!
- Comment #3
- Quote
- May 20, 2015 7:31am May 20, 2015 7:31am
- shimmering
- | Commercial Member | Joined Apr 2011 | 45 Comments
- Comment #4
- Quote
- May 20, 2015 1:36pm May 20, 2015 1:36pm
- iaveight
- | Joined Apr 2014 | Status: Supply Demand - Fib trader | 85 Comments