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EUR/JPY: upside could struggle around 128.65/129.35 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside momentum in the cross could find resistance in the 128.65/129.35 band.

    Key Quotes

    EUR/JPY is bouncing higher away from the 126.17 recent low”.

    “This has held on a closing basis so far and the market is correcting higher”.

    “The intraday Elliott wave count is suggesting that the market will struggle on moves to 128.65/129.35”.
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