Analysts of Standard Chartered positively viewed the perspective of the American Dollar against the Japanese Yen especially after the Cross broke the resistance level of Y108,60. It caused execution of stops, which served as additional stimulus for acceleration of the current ascending trend. In the perspective the bank forecasted Dollar’s raise to the level to Y112,00 and set the target in the middle of this range at the level of 113,30. This level is 61,8% Fibonacci correction level from the fall with the high of the last year at Y124,14. In the case of weakening the support at the level of 106,60 constrain every attempt of sell, so Standard Chartered.
Keine Kommentare:
Kommentar veröffentlichen