9 Apr 2015
SEB: USD/JPY pressuring resistance at 120.45/75 - eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that USD/JPY might move higher towards 121.21/30 if the pair breaks above the resistance at 120.45/75.
Key Quotes
“Dynamic support at the short-term Fibo-adjusted (8day) 'Tenkan-Sen' cushioned the intraday attempt lower yesterday, and the post-minutes high session close puts renewed pressure at the high end of the bullishly titled (Fibo-adjsuted) 'Cloud' at market.”
“A move crossing resistance at 120.45/75 would lift sight to next resistance at 121.21/30.”
“Key short-term support is located at 118.71.”
“Current intraday stretches are located at 119.20 & 121.00.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Dynamic support at the short-term Fibo-adjusted (8day) 'Tenkan-Sen' cushioned the intraday attempt lower yesterday, and the post-minutes high session close puts renewed pressure at the high end of the bullishly titled (Fibo-adjsuted) 'Cloud' at market.”
“A move crossing resistance at 120.45/75 would lift sight to next resistance at 121.21/30.”
“Key short-term support is located at 118.71.”
“Current intraday stretches are located at 119.20 & 121.00.”
This content has been provided under specific arrangement with eFXnews.