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Add as a preferred source on GoogleQuotes from BofA Merrill Lynch:- While the near-term swings in USD/JPY have been quite frustrating, the medium-term view remains bullish. Indeed, the 118.15 low could have marked the end of this 2m range trade. - Above 1…
Quotes from BofA Merrill Lynch:
- While the near-term swings in USD/JPY have been quite frustrating, the medium-term view remains bullish. Indeed, the 118.15 low could have marked the end of this 2m range trade.
- Above 120.46 would confirm a resumption of the larger bull trend, targeting 124.16/124.59.
- Back below 118.00 says all short-term longs should adopt a neutral stance, while it will take a break of 116.15 (Triangle support) to point to a turn in trend.
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