EUR/JPY: corrective rebound expected – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the possibility of a corrective rebound in the cross.

    Key Quotes

    EUR/JPY last week sold off to the 126.17 recent low. This has held on a closing basis so far and we would allow for a small corrective rebound”.

    “The intraday Elliott wave count is suggesting that the market will struggle on moves to 128.65”.
    For more information, read our latest forex news.

Share This Page

free forex signals