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23 Mar 2016
USD/JPY could visit the area of 114.13 – Commerzbank
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a recovery above the 114.00 mark.
Key Quotes
“USD/JPY’s correction higher is gaining traction, it is contained in a 6 week channel and there is scope near term for a recovery to the top of that channel at 114.13”.
“Resistance ahead of here is offered by the 20 day ma at 113.02”.
Key Quotes
“USD/JPY’s correction higher is gaining traction, it is contained in a 6 week channel and there is scope near term for a recovery to the top of that channel at 114.13”.
“Resistance ahead of here is offered by the 20 day ma at 113.02”.