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USD/JPY keeps the upside bias above 122.20

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s outlook remains bullish above 122.20.

    Key Quotes

    USD/JPY needs to hold above the 122.20 support for an upside bias to remain”.

    “The intraday Elliott wave counts are more negative and suggest rallies to 123.05 will struggle”.

    “Resistance is offered by the 123.77 the recent high. Above here will target 125.00/28 (the August high)”.
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