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Noticias de trading
26 Feb 2013
Forex: USD/JPY above 92.00
The European opening pulled the USD/JPY back to the 92.00 level after going to as low as 91.41 earlier. The pair is trading mostly sideways above the handle. As of writing, the market is quoting around 92.20, which served as support during most of February.
Italy's political system is now in stalemate and it might take several weeks for the political dust to settle. Even a re-run of the election cannot be ruled out, bringing Greece 2012 election to mind of investors.
"The USD/JPY currency pair completed a descending correction towards the level of 91. I think today the price may start a new ascending wave with the target at 95", wrote Roboforex.com analyst Igor Sayadov, expecting then consolidation and a move up to reach the next target at the level of 97.
Italy's political system is now in stalemate and it might take several weeks for the political dust to settle. Even a re-run of the election cannot be ruled out, bringing Greece 2012 election to mind of investors.
"The USD/JPY currency pair completed a descending correction towards the level of 91. I think today the price may start a new ascending wave with the target at 95", wrote Roboforex.com analyst Igor Sayadov, expecting then consolidation and a move up to reach the next target at the level of 97.