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Forex pairs in this Article » USD/JPY (Barcelona) - Strategists at Commerzbank noted the USD/JPY continued to rally.

Key quotes:

“We may see some consolidation near term and would allow for some weakness back to the 101.76 accelerated uptrend”.

“It continues to target the 103.74 2013 high, but the recent break up from a large triangle points to a longer term target of 108.86”.

“Uptrend at 101.76”

“Minor support is seen around 101.76 the accelerated uptrend, and the 100.62 September high”.

“We will stay bullish while above the 99.56 November 19 low”.
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