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14 Apr 2015
SEB: USD/JPY aiming at 119.25? - eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that yesterday’s topside rejection shifts focus to 119.25 and even 118.71.
Key Quotes
“To yesterday's topside rejection at a short-term 'Equality point' and above the (Fibo-adjusted) Cloud. This points further south, primarily towards 119.25, but also with a potential 'B-wave low' at 118.71 in sight. Back over 120.45 would reduce the immediate downside risk.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“To yesterday's topside rejection at a short-term 'Equality point' and above the (Fibo-adjusted) Cloud. This points further south, primarily towards 119.25, but also with a potential 'B-wave low' at 118.71 in sight. Back over 120.45 would reduce the immediate downside risk.”
This content has been provided under specific arrangement with eFXnews.