8 Nov 2013
Flash: USD/JPY outside day to downside neutralises - Commerzbank
FXstreet.com (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank notes that USD/JPY has reversed ahead of the 4 month resistance line at 99.80.
Key Quotes
“The market has charted an outside day to the downside which has again neutralised the chart. However the market should remain well supported by the 200 day ma at 97.74 and the 4 month support line at 97.27.”
“Above 99.80 will target the 100.62 11th September high en route to the 101.54/60 July high and 78.6% retracement.”
Key Quotes
“The market has charted an outside day to the downside which has again neutralised the chart. However the market should remain well supported by the 200 day ma at 97.74 and the 4 month support line at 97.27.”
“Above 99.80 will target the 100.62 11th September high en route to the 101.54/60 July high and 78.6% retracement.”