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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

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    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”.
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