EUR/JPY upside could struggle near 128.65 – Commerzbank

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the upside in the pair could struggle around 128.65.

    Key Quotes

    EUR/JPY have sold off to the 126.17 recent low. This has been a spike lower and we look for this to hold the initial test”.

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