fxstreet.com 02 Feb, 2021 08:00 am

Upside bias remains firm – UOB

Upside bias remains firm – UOB
FX Strategists at UOB Group noted the upward momentum in USD/JPY has improved in last sessions. Key Quotes 24-hour view: “We highlighted yesterday tha

FX Strategists at UOB Group noted the upward momentum in USD/JPY has improved in last sessions.While upward momentum has improved a tad, conditions remain overbought and any advance in USD is likely limited to a test 105.Upward momentum has improved, albeit not by much.The overall positive outlook is still intact but the 105.

The positive outlook is deemed intact as long as USD does not move below 104.USD subsequently traded between 104.

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