15 Apr 2014
EUR/JPY bull attempts would fade around 141.56/142.20 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested rebounds in EUR/JPY would run our of legs in the 141.56/142.20 area.
Key Quotes
“The market is seeing a small rebound from its 140.02/139.96 50% retracement and recent low”.
“This has held the initial test, however rebounds are indicated to terminate circa 141.56/142.20 for further losses to the 138.80 end of February low.
“Below 138.80 will target the 136.25 4thFebruary low”.
Key Quotes
“The market is seeing a small rebound from its 140.02/139.96 50% retracement and recent low”.
“This has held the initial test, however rebounds are indicated to terminate circa 141.56/142.20 for further losses to the 138.80 end of February low.
“Below 138.80 will target the 136.25 4thFebruary low”.