21 Jan 2015
SEB: USD/JPY might extend back to 116.92 levels – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB’s shares that USD/JPY might extend its losses towards 116.92 levels.
Key Quotes
“Few are willing to play over the odds here...The high-118s worked as the strong resistance it was thought to. If today's U-turn survives the morning session, extension would be likely back to the 116.92 ref - under which a fresh low (<115.84) should be accounted for. Current intraday stretches are located at 117.40 & 119.15.”
Key Quotes
“Few are willing to play over the odds here...The high-118s worked as the strong resistance it was thought to. If today's U-turn survives the morning session, extension would be likely back to the 116.92 ref - under which a fresh low (<115.84) should be accounted for. Current intraday stretches are located at 117.40 & 119.15.”