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3 Mar 2015
USD/JPY might see a dip towards 119.00-118.70 – Kshitij Consultancy
FXStreet (Barcelona) - The Kshitij Consultancy Team expects USD/JPY to see a dip towards 119.00-118.70 levels, expecting the chances of a fresh rise as being unlikely.
Key Quotes
“Dollar-Yen (119.75) rose to 120.26, just below our Resistance at 120.35, and is coming off from there.”
“Possibly, we may see a dip back towards 119.00-118.70 which could possibly morph into a deeper decline later.”
“A fresh rise/ break above 120.35, if seen, would be very bullish, but the chances of that are lower.”
Key Quotes
“Dollar-Yen (119.75) rose to 120.26, just below our Resistance at 120.35, and is coming off from there.”
“Possibly, we may see a dip back towards 119.00-118.70 which could possibly morph into a deeper decline later.”
“A fresh rise/ break above 120.35, if seen, would be very bullish, but the chances of that are lower.”