USD/JPY could slip towards 121.45/05 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could see a test of the 121.45/05 area.

    Key Quotes

    USD/JPY we continue to suspect that we will see a minor correction lower take hold near term while rallies remain capped by 123.25”.

    “Currently we would allow for slight slippage to the 200 day ma and the 55 day ma, at 121.45, 121.05, where we will be tempted back into longs in this vicinity”.
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