8 Apr 2015
SEB: USD/JPY sellers at 'Cloud' resistance and buyers at mid-body support – eFXNews
FXStreet (Barcelona) - The eFXNews Team shares SEB’s intraday technical outlook for USD/JPY.
Key Quotes
“This could be a completed correction higher, but for this to be confirmed, a drop back under 118.71 is needed. Until then an 'Equality point' at 120.75 works as a first hand target - if able to break free from dynamic resistance at the high end of the 'Cloud' (near yesterday's best).”
“Current intraday stretches are located at 119.20 & 121.00.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“This could be a completed correction higher, but for this to be confirmed, a drop back under 118.71 is needed. Until then an 'Equality point' at 120.75 works as a first hand target - if able to break free from dynamic resistance at the high end of the 'Cloud' (near yesterday's best).”
“Current intraday stretches are located at 119.20 & 121.00.”
This content has been provided under specific arrangement with eFXnews.