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USD/JPY focused on 119.80 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the area of 119.80 has become key for USD/JPY in the next sessions.

    Key Quotes

    “Intraday rallies will find resistance at 120.85/121.80 ahead of 123.77”.

    “A weekly close below 119.80 will negate our bullish view and cause us to neutralise while a deeper sell off to possibly the 116.15 August 2015 low is seen (not favoured)”.
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