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8 Feb 2016
USD/JPY upside could struggle near 118.70 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees occasional bullish attempts to run out of legs near 118.70.
Key Quotes
“USD/JPY has once again sold off to support circa 116.30/115.50”.
“Intraday rallies are indicated to struggle 118.70. This guards the 121.70 recent high”.
“Downside risks have increased, however we will need a close below 115.50 to break the market free from its recent range”.
Key Quotes
“USD/JPY has once again sold off to support circa 116.30/115.50”.
“Intraday rallies are indicated to struggle 118.70. This guards the 121.70 recent high”.
“Downside risks have increased, however we will need a close below 115.50 to break the market free from its recent range”.