by Mon, 08 Nov 2010 12:58:00 +0100
Forex: USD/JPY will appreciate to 88.00 over the next 12 months - Reuters Poll
FXstreet.com (Barcelona) - Dollar Yen downtrend might have find a bottom, around 80.00, as the pair is expected to end the year at levels around 81.00, and extend recovery to reach 88.00in November 2011, according to the monthly Forex poll taken by Reuters.
According to the median average of banks and financial institutions polled by Reuters, the USD/JPY will end the year at levels around 81.00 to reach 82.00 in the next 3 months, and extend to 85.00 over the next 6 months to trade at 88.00 in November next year.
| Technical Analysis (2010-11-08 11:45 GMT) | |
|---|---|
USD/JPY 81.1/81.11 - O: 80.645 H: 80.68 L: 80.62 C: 80.655 | |
| Trend | R3: 81.5206 |
 | R2: 81.3178 |
| R1: 81.1150 | |
| S1: 80.6895 | |
| S2: 80.8923 | |
| S3: 81.0950 | |
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