3 Feb 2015
SEB: USD/JPY hanging bearishly below resistance – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s technical outlook for USD/JPY.
Key Quotes
“The market likes it better below than above dynamic resistance coming with the (Fibo-adjusted) 21day 'Kijun-Sen' and this threatens the low end of the 55day exponentially weighted moving average band (116.64)."
“Further down low points at 115.85 & 115.57 are of interest.”
“A loss of support at those should lower sights to the lower end of the Fibo-adjusted 'Cloud', now at 114.30.”
“A move back over 118.87 is needed to defuse downside risks.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The market likes it better below than above dynamic resistance coming with the (Fibo-adjusted) 21day 'Kijun-Sen' and this threatens the low end of the 55day exponentially weighted moving average band (116.64)."
“Further down low points at 115.85 & 115.57 are of interest.”
“A loss of support at those should lower sights to the lower end of the Fibo-adjusted 'Cloud', now at 114.30.”
“A move back over 118.87 is needed to defuse downside risks.”
This content has been provided under specific arrangement with eFXnews.