EUR/JPY focus remains on 120.00 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Axel Rudolph, Senior Technical Analyst at Commerzbank, noted the cross still remains under pressure.

    Key Quotes

    EUR/JPY remains under pressure and attention remains on the 120.00 region but do not have much to suggest a move beyond that currently”.

    “Key resistance remains the 129.27 2014-16 downtrend line, and while capped here our outlook will remain negative. Initial resistance is the 125.43 base of the cloud”.
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