13 Feb 2015
SEB: Will USD/JPY's bull triangle persist? – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for USD/JPY.
Key Quotes
“The rejection from close to the key resistance, 120.75/82, certainly became more impulsive than foreseen (e-waves seldom are impulsive which raises a few questions).”
“If the bull triangle formation is to persist (and to deliver a break to the upside) the ongoing setback shouldn’t fall beneath 116.64 and mustn’t fall below 115.85 or otherwise the whole idea of a bull triangle will turn obsolete.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The rejection from close to the key resistance, 120.75/82, certainly became more impulsive than foreseen (e-waves seldom are impulsive which raises a few questions).”
“If the bull triangle formation is to persist (and to deliver a break to the upside) the ongoing setback shouldn’t fall beneath 116.64 and mustn’t fall below 115.85 or otherwise the whole idea of a bull triangle will turn obsolete.”
This content has been provided under specific arrangement with eFXnews.