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USD/JPY needs a close above 114.87/115.10 to confirm low – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, and in order to confirm recent lows, spot needs a close above 114.87/115.10.

    Key Quotes

    USD/JPY has held the 110.98 recent low and extended its rebound”.

    “Is this a low in place – possibly BUT to confirm it needs to close above 114.87/115.10 (recent high, Fibo and 20 day ma) as an absolute minimum and preferably regain the 116.15, the August low”.
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