Forex Flash: USD/JPY erodes 55-month MA at 87.23 - Commerzbank

FXstreet.com (Barcelona) - Commerzbank analysts saw the 55-month moving average at 87.23 being eroded despite charting a TD combo 13 (hints of a possible correction). "At this stage we remain unable to rule out further gains to 89.30 - its 30 year downtrend, where we would expect to see profit taking and a temporary halt in the bull move ahead of a move to 93.32 - the measurement higher of the triangle", wrote Commerzbank analyst Karen Jones, assuming that the market remains immediately bid while above the accelerated 2 month uptrend, at 84.81 today.