SEB: USD/JPY 104.13 resistance to be scrutinized - eFXnews

By FXstreet.com | August 21, 2014 AAA

FXStreet (Łódź) - The eFXnews team remark that the SEB sees the need to modify its USD/JPY longer term wave pattern should the pair break 104.13.



Key quotes

"An alternate path would be that we are creating yet another large triangle (hence a major top still lurking)."



"As such the market should turn down from 104.45, slide back to 103-ish and thereafter printing a new trend high above 105.45."



'This content has been provided under specific arrangement with eFXnews.'



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. USD/JPY Daily Outlook - September 19
    Investing

    USD/JPY Daily Outlook - September 19

  4. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center