SEB: USD/JPY bullish above 120.20/37 - eFXnews

FXStreet (Barcelona) - The eFXnews Team notes SEB views that USD/JPY requires a break above 120.20/37 to regain bullish potential.

Key Quotes

“The (Fibo-adjusted) short-term 'Cloud' keeps providing dynamic support and it is still respected. But to come out of this one bullish, resistance at 120.20/37 must be scaled - then with focus lifted to the next zone resistance at 121.21/67/ Key short-term supports are located at 118.33 & 118.11.”

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