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USD/JPY could visit the area of 114.13 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a recovery above the 114.00 mark.

    Key Quotes

    USD/JPY’s correction higher is gaining traction, it is contained in a 6 week channel and there is scope near term for a recovery to the top of that channel at 114.13”.

    “Resistance ahead of here is offered by the 20 day ma at 113.02”.
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