TRADING TIPS :
USD/JPY changed hands at 120.07, down
0.36%.Last week, the euro fell to four-and-a-half year lows against
the dollar on Friday, and the greenback rose to parity against the
Swiss franc after European Central Bank President Mario Draghi
indicated that the likelihood of quantitative easing has increased.In
an interview Handelsblatt Draghi said the risk of the ECB not
fulfilling its mandate of price stability is higher now than six
months ago. The remarks indicated that the central bank is moving
closer to implementing quantitative easing measures in order to spur
growth and inflation.
INTRADAY
OUTLOOK
Support:
119.97
Resistance:
120.64
RECOMMENDATION:
1.
Buy USD/JPY Above 120.66-TG: 120.86/121.16 SL 120.36
2.
Sell USD/JPY Below 119.95-TG: 119.75/119.45 SL 120.25
INTRADAY
OUTLOOK
Immediate
Support: 1.1879
Immediate
Resistance: 1.1950
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1952 TG: 1.1972/1.2002 SL 1.1922
2.
Sell EUR/USD Below -1.1877 TG:1.1857/1.1827 SL 1.1907
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