Share 'Danske Bank - This week we recommend buying USD/JPY for a move towards 83.15'
Danske Bank - "USD/JPY – Base signals strength to challenge multi-month triangle resistance at 83.15 Summary – Buy on dips for further gains to test the upper multi-month triangle (currently at 83.15). Stop under 79.07.Resistance84.18; 2012 high – 16 March83.15; Upper triangle that runs off 6 April 2011 peak.82.56; 6 April 2012 high, 76.4% retrace of 84.18-77.17 at 82.5281.78; 20 April 2012 lower…
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