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USD/JPY hints a move to 123.77 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could see its upside reaching the 123.77 recent high.

    Key Quotes

    USD/JPY charted an almost replica session to leave the outlook unchanged”.

    “The market is seeing decent recovery off the 122.20 support”.

    “The intraday Elliott wave counts are more positive and currently imply a move to 123.77 then recent high. Above here will target 125.00/28 (the August high)”.
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