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1 Apr 2015
SEB: USD/JPY bearish below 118.93 – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that USD/JPY's bearish tone might renew on a break below 118.93, with the pair awaiting a break from the 118.93-120.37 range.
Key Quotes
“The downside rechecks became too deep to sustain the near-term bullish impression from gains scored the day before yesterday and this leaves the market in limo, waiting for a move outside 118.93-120.37. Below the former would strongly suggest extension to/below supports at 188.33/11.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The downside rechecks became too deep to sustain the near-term bullish impression from gains scored the day before yesterday and this leaves the market in limo, waiting for a move outside 118.93-120.37. Below the former would strongly suggest extension to/below supports at 188.33/11.”
This content has been provided under specific arrangement with eFXnews.