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EUR/JPY could visit 120.00 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could slip towards the 120.00 area.

    Key Quotes

    EUR/JPY is stabilising just ahead of the 122.08 March low, we would allow for an overshoot to 120.00 but do not have much to suggest a move beyond that currently”.

    “Near term the market has held just ahead of the 122.08 low and we are seeing a small rebound, this is indicated to terminate circa 124.60/125.30”.
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