4 Sep 2013
Flash: USD/JPY, onwards and upwards - Commerzbank
FXstreet.com (London) - Karen Jones, Chief Analyst at Commerzbank notes the price action in the USD JPY
Key Quotes:
“USD/JPY has shot higher to erode the 4 month resistance line, which was located at 99.19”.
“We have seen a close above here and we would preferably like to also see a close above the 99.29 cloud resistance to confirm further upside scope presently to the 101.54/60 July high and the Fibonacci retracement”.
Key Quotes:
“USD/JPY has shot higher to erode the 4 month resistance line, which was located at 99.19”.
“We have seen a close above here and we would preferably like to also see a close above the 99.29 cloud resistance to confirm further upside scope presently to the 101.54/60 July high and the Fibonacci retracement”.