EUR/JPY further downside expected in the longer run – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could face further declines in the long-term horizon.

    Key Quotes

    EUR/JPY’s corrective rebound has failed on rallies to 128.19 and has resumed its down move”.

    “Longer term the risks are building for a further break down and failure at 125.80 will target 121.90, the 50% retracement of the move from 2012”.
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