15 Dec 2015
EUR/JPY could reach 135.93 – Commerzbank
FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the door remains open for a potential test of 135.93.
Key Quotes
“EUR/JPY continues to ease back away from the 4 month resistance line at 134.30 but looks to have stabilised circa 132.44, this should ideally hold for another attempt on the topside. There is scope for the top of the channel at 135.93”.
“Intraday dips are indicated to terminate circa 132.44. Below here, dips lower should find some support circa the 131.96 20 day ma. Below here will see the 129.67/28 zone retargeted (recent low and Fibo)”.
Key Quotes
“EUR/JPY continues to ease back away from the 4 month resistance line at 134.30 but looks to have stabilised circa 132.44, this should ideally hold for another attempt on the topside. There is scope for the top of the channel at 135.93”.
“Intraday dips are indicated to terminate circa 132.44. Below here, dips lower should find some support circa the 131.96 20 day ma. Below here will see the 129.67/28 zone retargeted (recent low and Fibo)”.