USD/JPY still focused on 118.33 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the target remains at the 118.33 level.

    Key Quotes

    USD/JPY is side-lined but also under pressure in a 118.60- 121.76 range”.

    “For now we will continue to target the 118.33 March low en route to the 2012-2015 116.87 uptrend”.

    “We look for this to hold the downside and provoke longer term recovery”.
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