9 Feb 2015
SEB: USD/JPY should turn lower soon – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for USD/JPY, with SEB using Elliott wave analysis to predict a move lower for the pair.
Key Quotes
“If the pair continues to follow the textbook then we should see wave d ending between 119.23 and 119.76 and thereafter falling back in wave e (targeting a maximum 116.66 move but probably less than so given that e-waves has a tendency of being weaker than the preceding wave ad).”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“If the pair continues to follow the textbook then we should see wave d ending between 119.23 and 119.76 and thereafter falling back in wave e (targeting a maximum 116.66 move but probably less than so given that e-waves has a tendency of being weaker than the preceding wave ad).”
This content has been provided under specific arrangement with eFXnews.