27 Apr 2015
SEB: USD/JPY trading in range with a downside tilt – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for USD/JPY, with SEB suggesting to favour selling the pair in the short-term.
Key Quotes
“The pair should, in a short-term perspective, be approached from the short side, but for the opening of the week, selling below supports at 118.53 & 118.33 is needed to make an investment in a short play worthwhile.”
“Mid-body resistance at 119.30 may attract fresh selling at lower levels so this point should be watched intradaily. Otherwise current intraday stretches are located at 118.45 & 119.65.”
This content has been provided under specific arrangement with eFXnews
Key Quotes
“The pair should, in a short-term perspective, be approached from the short side, but for the opening of the week, selling below supports at 118.53 & 118.33 is needed to make an investment in a short play worthwhile.”
“Mid-body resistance at 119.30 may attract fresh selling at lower levels so this point should be watched intradaily. Otherwise current intraday stretches are located at 118.45 & 119.65.”
This content has been provided under specific arrangement with eFXnews