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USD/JPY supported around 116.00/115.50 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees bearish attempts in the pair to find support around 116.00/115.50.

    Key Quotes

    USD/JPY remains under pressure following its recent failure ahead of the 78.6% Fibonacci retracement at 121.96, the current lunge lower should find some support circa 116.00/115.50”.

    “Intraday rallies are indicated to terminate 117.60/118.25. This guards the 121.70 recent high”.
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