USD/JPY: likely heading for 78.07

From Dow Jones:

“USD/JPY is likely heading for 78.07, says Barclays Capital, which is its 200-day moving average. The bank says the break above 77.30 suggests this move is likely, but as this particular moving average has capped prices since last April it is expected to hold firm on a first attempt, resulting in a 78.07-77.00 range. USD/JPY now at the day’s high of 77.75.”

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2 Comments to “USD/JPY: likely heading for 78.07”

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